Hong Kong Schools Alumni Federation Scholarship Foundation

Analysis

Hong Kong Schools Alumni Federation Scholarship Foundation is a registered charity in United States, based in Alhambra, CA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hong Kong Schools Alumni Federation Scholarship Foundation reported income of $392k and spending of $240k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $828k to $392k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 44% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hong Kong Schools Alumni Federation Scholarship Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Team Tobati Inc ($392k), Help Aid Africa ($392k) and African Christian Schools Foundation Inc ($392k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $6.3m against liabilities of $190k, net assets of $6.1m.