Joseph M Sheetz Scholarship Fund Inc
Only null% goes to programs Strong reserves Growing revenue
Joseph M Sheetz Scholarship Fund Inc is a 501(c)(3) organization based in Altoona, Pennsylvania, registered in 2009, with $278,453 in FY2023 revenue. CharityIndex grades it C+.
5700 6th Ave, Altoona, PA, 16602 EIN 90-0420891 Since 2009
Revenue (FY2023)
$278K
▼ 3.7% vs prior year
Education median: $200K
Expenses (FY2023)
$110K
Net assets
$31.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Joseph M Sheetz Scholarship Fund Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating3477 mo reserves · +60% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Joseph M Sheetz Scholarship Fund Inc: 3477 mo reserves · +60% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Joseph M Sheetz Scholarship Fund Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Joseph M Sheetz Scholarship Fund Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 5700 6th Ave, Altoona, PA, 16602
- City
- Altoona
- State
- Pennsylvania
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue grew from $38K (FY2014) to $278K (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $31.9M
Operating margin
60.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$31.9M
Total liabilities
$0
Net assets
$31.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $278,453▼3.7% | $110,124▲61.8% | $31,912,776▲27.9% | $31,912,776▲27.9% | 990 |
| 2022 | $289,126▼43.2% | $68,041▼29.9% | $24,944,743▲29.0% | $24,944,743▲29.0% | 990 |
| 2021 | $508,904▲550% | $97,118▲1.2% | $19,336,036▲63.0% | $19,336,036▲63.0% | 990 |
| 2020 | $78,320▼98.7% | $95,957▼8.1% | $11,861,375▲33.4% | $11,861,375▲33.4% | 990 |
| 2019 | $6,096,086▲7864% | $104,369▲5.9% | $8,890,099▲276% | $8,890,099▲276% | 990 |
| 2018 | $76,550▼47.3% | $98,510▲6.8% | $2,361,806▲4.5% | $2,361,806▲4.5% | 990 |
| 2017 | $145,394▼86.1% | $92,238▲24.3% | $2,259,902▲9.1% | $2,259,902▲9.1% | 990 |
| 2016 | $1,045,506▲5678% | $74,190▲45.3% | $2,070,735▲98.3% | $2,070,735▲98.3% | 990 |
| 2015 | $18,096▼52.8% | $51,063▼44.3% | $1,044,464▲12.8% | $1,044,464▲12.8% | 990 |
| 2014 | $38,306 | $91,628 | $925,877 | $925,877 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Joseph M Sheetz Scholarship Fund Inc a legitimate nonprofit?
- Yes. Joseph M Sheetz Scholarship Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 90-0420891, based in Altoona, Pennsylvania. Donations are tax-deductible.
- What is Joseph M Sheetz Scholarship Fund Inc's EIN?
- Joseph M Sheetz Scholarship Fund Inc's Employer Identification Number (EIN) is 90-0420891.
- How much revenue does Joseph M Sheetz Scholarship Fund Inc report?
- Joseph M Sheetz Scholarship Fund Inc reported $278,453 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Joseph M Sheetz Scholarship Fund Inc have?
- CharityIndex grades Joseph M Sheetz Scholarship Fund Inc C+, based on financial health (reserves and operating margin).
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Data for Joseph M Sheetz Scholarship Fund Inc (EIN 90-0420891) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.