Hanover Permanent Scholarship Fund Inc

Analysis

Hanover Permanent Scholarship Fund Inc is a registered charity in United States, based in Hanover, MA. It received its IRS tax-exemption ruling in January 1980, 46 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 June 2023, Hanover Permanent Scholarship Fund Inc reported income of $76k and spending of $50k, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $83k to $76k (-8.4%), an average of -2.9% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hanover Permanent Scholarship Fund Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Casa Grande Athletic Foundation ($76k), Westhill Central School District Educational Foundation Inc ($76k) and Croghan Free Library ($76k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.