Kennebunk Rotary Scholarship Fund Inc

Analysis

Kennebunk Rotary Scholarship Fund Inc is a registered charity in United States, based in Kennebunk, ME. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Kennebunk Rotary Scholarship Fund Inc reported income of $150k and spending of $61k, leaving 60% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income fell from $195k to $150k (-23%), an average of -8.3% a year. The sharpest change came in the year to June 2024, when income rose by 422%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kennebunk Rotary Scholarship Fund Inc 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 41st percentile within ME. Charities of a similar size with the same main cause include Detroit Bar Association Foundation ($150k), Patriot Oaks Academy PTO ($150k) and Instituto El Rey Inc ($150k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $1.0m against liabilities of $67k, net assets of $972k.