Sean C Elmore Memorial Fund Inc

Analysis

Sean C Elmore Memorial Fund Inc is a registered charity in United States, based in Billerica, MA. It received its IRS tax-exemption ruling in December 2000, 26 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 (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Sean C Elmore Memorial Fund Inc reported income of $57k and spending of $41k, leaving 29% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $39k to $57k (+46%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sean C Elmore Memorial Fund Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Harvard Community Education Foundation ($57k), Lenox Advisors Foundation Inc ($57k) and Osj Association Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $318k against liabilities of $32k, net assets of $287k.