North Andover Scholarship Foundation Inc

Analysis

North Andover Scholarship Foundation Inc is a registered charity in United States, based in North Andover, MA. It received its IRS tax-exemption ruling in July 1995, 31 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 December 2023, North Andover Scholarship Foundation Inc reported income of $185k and spending of $85k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $185k (+80%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 154%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Andover Scholarship Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Rccgna School of Disciples ($185k), Higher Education Systems and Services Consortium Inc ($185k) and Georgia Robotics Alliance Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $1.0m against liabilities of $4, net assets of $1.0m.