Malden High School Scholarship Inc

Analysis

Malden High School Scholarship Inc is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in November 1970, 56 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 March 2024, Malden High School Scholarship Inc reported income of $282k and spending of $149k, leaving 47% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $128k to $282k (+120%), an average of +22% a year. The sharpest change came in the year to March 2024, when income rose by 169%. Over the whole period it spent 35% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Malden High School Scholarship Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include American Association of Water Distribution and Management ($282k), CMG Memorial Fund Inc ($282k) and Tony Kemp Ministries Inc ($282k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 28% of the total. Compensation of current officers, directors and key employees was $22k (15% of expenses). At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.