East Lyme Scholarship Association Inc

Analysis

East Lyme Scholarship Association Inc is a registered charity in United States, based in Niantic, CT. It received its IRS tax-exemption ruling in March 1993, 33 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 December 2023, East Lyme Scholarship Association Inc reported income of $89k and spending of $82k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $75k to $89k (+19%), an average of +9.1% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East Lyme Scholarship Association Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within CT. Charities of a similar size with the same main cause include Parent Booster USA Inc ($89k), Greely Hockey Boosters Club ($89k) and Westglades Middle PTO ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $226k against liabilities of $0, net assets of $226k.