King-Thomas Scholarship TR

Analysis

King-Thomas Scholarship TR is a registered charity in United States, based in Ashland, ME. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, King-Thomas Scholarship TR reported income of $108k and spending of $82k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $89k to $108k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, King-Thomas Scholarship TR sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 33rd percentile within ME. Charities of a similar size with the same main cause include Barat Foundation Inc ($108k), Oelc at Kennedy Qalicb ($108k) and Ghes Building Company ($108k).

At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.