Richard D McDonough Caddie Scholarship Foundation

Analysis

Richard D McDonough Caddie Scholarship Foundation is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in March 1956, 70 years ago. 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 December 2023, Richard D McDonough Caddie Scholarship Foundation reported income of $434k and spending of $231k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $185k to $434k (+134%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richard D McDonough Caddie Scholarship Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within NH. Charities of a similar size with the same main cause include National Church Residences of ($434k), North Shore Art League ($434k) and Austin Community Charitable Fund ($434k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $43k. At year end it held assets of $1.5m against liabilities of $5,000, net assets of $1.5m. It reported 1 employees.