Iron Workers Scholarship Fund

Analysis

Iron Workers Scholarship Fund is a registered charity in United States, based in Waipahu, HI. It received its IRS tax-exemption ruling in June 1989, 37 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 December 2023, Iron Workers Scholarship Fund reported income of $264k and spending of $80k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $179k to $264k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 159%. 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, Iron Workers Scholarship Fund sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within HI. Charities of a similar size with the same main cause include St Johns Nursery School Inc ($264k), Childrens Therapy & Early Education School Inc ($264k) and Christian Helplines Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.