Veterinary Scholarship Trust of New England

Analysis

Veterinary Scholarship Trust of New England is a registered charity in United States, based in N Attleboro, MA. It received its IRS tax-exemption ruling in October 1961, 65 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Veterinary Scholarship Trust of New England reported income of $286k and spending of $94k, leaving 67% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $147k to $286k (+95%), an average of +25% a year. The sharpest change came in the year to September 2021, when income rose by 88%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veterinary Scholarship Trust of New England 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 Hannon Cup Association ($286k), Piedmont Makers ($286k) and Education for Parents of Indigenous ($286k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.