Nac Scholarship Fund Inc

Analysis

Nac Scholarship Fund Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in October 2000, 26 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, Nac Scholarship Fund Inc reported income of $75k and spending of $27k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $75k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nac Scholarship Fund Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Niwot High School Boosters Inc ($75k), Center for Biography and Social Art ($75k) and Vision Fair Foundation ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $529k against liabilities of $0, net assets of $529k.