Laborers Local 300 Scholarship Fund

Analysis

Laborers Local 300 Scholarship Fund is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Laborers Local 300 Scholarship Fund reported income of $151k and spending of $68k, leaving 55% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $68k to $151k (+121%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 3583%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laborers Local 300 Scholarship Fund sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Northeast Coonhound Rescue Inc ($151k), Association of Medical Directors of Information Systems ($151k) and Military Intelligence Corp Association ($151k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $645k against liabilities of $0, net assets of $645k.