Town of Chelmsford Scholarship Fund Inc

Analysis

Town of Chelmsford Scholarship Fund Inc is a registered charity in United States, based in Chelmsford, MA. It received its IRS tax-exemption ruling in February 2022, 4 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 2023, Town of Chelmsford Scholarship Fund Inc reported income of $77k and spending of $140k, spending 181% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income fell from $99k to $77k (-22%), an average of -4.8% a year. The sharpest change came in the year to June 2021, when income rose by 85%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Town of Chelmsford Scholarship Fund Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Caddo Career & Technology Center Foundation ($77k), Giles Life Saving and Rescue Squad Inc ($77k) and Aurora Public Library District Foundation Inc ($77k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.