Berkley Scholarship Fund Inc

Analysis

Berkley Scholarship Fund Inc is a registered charity in United States, based in Berkley, MA. It received its IRS tax-exemption ruling in June 1973, 53 years ago. 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 December 2023, Berkley Scholarship Fund Inc reported income of $51k and spending of $49k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $69k to $51k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Berkley Scholarship Fund Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers and Students Inc ($51k), Sterling-Rock Falls Historical Society ($51k) and West Virginia Future Farmers of America Foundation Inc ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $655k against liabilities of $44k, net assets of $611k.