Attleboro Scholarship Foundation

Analysis

Attleboro Scholarship Foundation is a registered charity in United States, based in Attleboro, MA. It received its IRS tax-exemption ruling in May 1953, 73 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 September 2023, Attleboro Scholarship Foundation reported income of $562k and spending of $669k, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $953k to $562k (-41%), an average of -12% a year. The sharpest change came in the year to September 2022, when income dropped by 64%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Attleboro Scholarship Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Stonebridge Academy Institute ($562k), Joseph J Mayer Education TR ($562k) and Bridgeland High School Band Boosters ($562k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 110% of the total. Compensation of current officers, directors and key employees was $45k (6.7% of expenses). Other salaries and wages came to $31k. At year end it held assets of $6.3m against liabilities of $4,631, net assets of $6.3m. It reported 2 employees.