The Michael P Quinn Scholarship Fund Inc

Analysis

The Michael P Quinn Scholarship Fund Inc is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in March 2001, 25 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 December 2023, The Michael P Quinn Scholarship Fund Inc reported income of $66k and spending of $61k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $66k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Michael P Quinn Scholarship Fund Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include Free & Accepted Masons of Georgia ($66k), Channing and Popai Liem Educational Corporation ($66k) and Annie L Sargent School PTO Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $280k against liabilities of $0, net assets of $280k.