Boothbay Region Student Aid Fund Inc

Analysis

Boothbay Region Student Aid Fund Inc is a registered charity in United States, based in Boothbay, ME. It received its IRS tax-exemption ruling in November 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Boothbay Region Student Aid Fund Inc reported income of $778k and spending of $487k, leaving 37% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $386k to $778k (+102%), an average of +19% a year. The sharpest change came in the year to May 2022, when income rose by 393%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boothbay Region Student Aid Fund Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 73rd percentile within ME. Charities of a similar size with the same main cause include Ironworkers Local 21 T&e Fund ($778k), The Academy of Music ($778k) and Sound Start Babies Foundation for Deaf and Hard of Hearing Children ($778k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 73% of the total. Other salaries and wages came to $7,975. At year end it held assets of $10.5m against liabilities of $0, net assets of $10.5m. It reported 1 employees.