The Scholarship Association of Falmouth Inc

Analysis

The Scholarship Association of Falmouth Inc is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in February 1982, 44 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 February 2024, The Scholarship Association of Falmouth Inc reported income of $362k and spending of $218k, leaving 40% of income unspent that year. Across the 5 years on record, from February 2020 to February 2024, income grew from $283k to $362k (+28%), an average of +6.4% a year. The sharpest change came in the year to February 2023, when income rose by 122%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Scholarship Association of Falmouth Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include National Athletic Equipment Reconditioners Association ($362k), Brandon Valley Band Parents Inc ($362k) and Eastern Shore Public Library Foundation ($362k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $3,000. At year end it held assets of $4.1m against liabilities of $57k, net assets of $4.0m.