Prince Henry Society Scholarship Foundation of New Bedford Inc

Analysis

Prince Henry Society Scholarship Foundation of New Bedford Inc is a registered charity in United States, based in N Dartmouth, MA. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Prince Henry Society Scholarship Foundation of New Bedford Inc reported income of $150k and spending of $84k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $157k to $150k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Prince Henry Society Scholarship Foundation of New Bedford Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include American Friends of the Donmar Theatre Inc ($150k), Los Angeles Police Academy Magnet School Foundation ($150k) and Arrowhead Neuroscience Foundation Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.