Bolton Scholarship Fund Inc

Analysis

Bolton Scholarship Fund Inc is a registered charity in United States, based in Bolton, CT. It received its IRS tax-exemption ruling in April 1988, 38 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 September 2023, Bolton Scholarship Fund Inc reported income of $98k and spending of $105k, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $334k to $98k (-71%), an average of -26% a year. The sharpest change came in the year to September 2020, when income dropped by 67%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bolton Scholarship Fund Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within CT. Charities of a similar size with the same main cause include Foundation for Excellence in Public Educ in Clarke County Ga Inc ($98k), Manchester Educational Foundation ($98k) and Kappa Omicron Nu Inc ($98k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $773k against liabilities of $0, net assets of $773k.