The Oyster Harbors Club Scholarship Fund Inc

Analysis

The Oyster Harbors Club Scholarship Fund Inc is a registered charity in United States, based in Osterville, MA. It received its IRS tax-exemption ruling in January 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Oyster Harbors Club Scholarship Fund Inc reported income of $525k and spending of $453k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $381k to $525k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Oyster Harbors Club Scholarship Fund Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Myers Senior Residence Inc ($525k), Alpha Chi National College Honor Scholarship Society ($525k) and Talking Information Center Inc ($525k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.