Masconomet Regional Scholarship

Analysis

Masconomet Regional Scholarship is a registered charity in United States, based in Boxford, MA. It received its IRS tax-exemption ruling in October 1994, 32 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 2024, Masconomet Regional Scholarship reported income of $320k and spending of $194k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $201k to $320k (+59%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 42%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Masconomet Regional Scholarship sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Thornton Creek Parent Group ($320k), Newman Riga Library ($320k) and Carroll High-Carroll Senior High School PTO ($320k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% of the total. At year end it held assets of $1.9m against liabilities of $186k, net assets of $1.7m.