TBB Scholarships Inc

Analysis

TBB Scholarships Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in May 1964, 62 years ago. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, TBB Scholarships Inc reported income of $124k and spending of $101k, spending 81% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $112k to $124k (+11%), an average of +11% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, TBB Scholarships Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Eldon Durrett Memorial Scholarship Fund ($124k), Road Runners Club of America ($124k) and Morgans Place Cemetery Inc ($124k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 14% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.