Allan Z Gilbert Memorial Scholarship Fund

Analysis

Allan Z Gilbert Memorial Scholarship Fund is a registered charity in United States, based in Norwood, MA. It received its IRS tax-exemption ruling in January 1996, 30 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, Allan Z Gilbert Memorial Scholarship Fund reported income of $432k and spending of $89k, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $15k to $432k (+2784%), an average of +132% a year. The sharpest change came in the year to December 2020, when income rose by 4313%. Over the whole period it spent 19% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Allan Z Gilbert Memorial Scholarship Fund sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Alumni Assoc Coll of Med St Univ of Ny Health Sci Center at Bklyn Inc ($432k), Brunner Literacy Center ($432k) and California Community Colleges Extd Opportunity Programs & Serv Assoc ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.