The Francis Ouimet Scholarship Fund Inc

Analysis

The Francis Ouimet Scholarship Fund Inc is a registered charity in United States, based in Norton, MA. It received its IRS tax-exemption ruling in November 1953, 73 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 March 2024, The Francis Ouimet Scholarship Fund Inc reported income of $6.3m and spending of $5.2m, spending 82% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $5.7m to $6.3m (+9.6%), an average of +2.3% a year. The sharpest change came in the year to March 2022, when income rose by 19%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Francis Ouimet Scholarship Fund Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Charter School Inc ($6.3m), Clark Community College District 14 Foundation ($6.3m) and Generation Teach Inc ($6.3m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $205k (4.0% of expenses). Other salaries and wages came to $640k. At year end it held assets of $30.6m against liabilities of $803k, net assets of $29.8m. It reported 9 employees.