Morse High School Scholarship Fund

Analysis

Morse High School Scholarship Fund is a registered charity in United States, based in Bath, ME. It received its IRS tax-exemption ruling in April 1965, 61 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, Morse High School Scholarship Fund reported income of $206k and spending of $250k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $216k to $206k (-4.5%), an average of -1.1% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morse High School Scholarship Fund sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 47th percentile within ME. Charities of a similar size with the same main cause include Scripps College Counsel ($206k), Continuing Professional Education Services Inc ($206k) and Bucks County Heroes Scholarship Fund ($206k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% of the total. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.