Sigma Nu Alumni Scholarship Fund

Analysis

Sigma Nu Alumni Scholarship Fund is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Sigma Nu Alumni Scholarship Fund reported income of $141k and spending of $129k, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $231k to $141k (-39%), an average of -12% a year. The sharpest change came in the year to September 2021, when income rose by 357%. Over the whole period it spent 33% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sigma Nu Alumni Scholarship Fund sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Early American Industries Association Inc ($141k), PTA South Carolina Congress ($141k) and Little League Baseball Inc ($141k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% of the total. It paid $6,000 in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $375k, net assets of $2.0m.