Salem Rotary Club Vance M Smith III Scholarship Foundation Inc

Analysis

Salem Rotary Club Vance M Smith III Scholarship Foundation Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in August 1993, 33 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, Salem Rotary Club Vance M Smith III Scholarship Foundation Inc reported income of $126k and spending of $37k, leaving 71% of income unspent that year. Across the 6 years on record, from June 2017 to June 2023, income fell from $149k to $126k (-15%), an average of -3.2% a year. The sharpest change came in the year to June 2021, when income rose by 368%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Salem Rotary Club Vance M Smith III Scholarship Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include California Home School Sports ($126k), Weatherford Campus Parent Teacher Fellowship ($126k) and Ocean Beach Community Foundation Inc ($126k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.