Greenwich Scholarship Association Inc

Analysis

Greenwich Scholarship Association Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in June 1997, 29 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 June 2024, Greenwich Scholarship Association Inc reported income of $1.4m and spending of $692k, leaving 50% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.4m (+32%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greenwich Scholarship Association Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Birmingham-Southern College Foundation ($1.4m), Mountain Shadows Montessori School ($1.4m) and Sounds of Success Preschool and Learning Center ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% of the total. At year end it held assets of $6.7m against liabilities of $828k, net assets of $5.9m.