Pentucket Regional Scholarship Foundation

Analysis

Pentucket Regional Scholarship Foundation is a registered charity in United States, based in Groveland, MA. It received its IRS tax-exemption ruling in October 1960, 66 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pentucket Regional Scholarship Foundation reported income of $219k and spending of $100k, leaving 54% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $209k to $219k (+4.6%), an average of +1.1% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pentucket Regional Scholarship Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include USA Swimming Inc ($219k), Dr Groves B Smith Guardianship Corporation ($219k) and Little League Baseball Inc ($219k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.