Thomas Tucker Taranto Memorial Scholarship Fund

Analysis

Thomas Tucker Taranto Memorial Scholarship Fund is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Thomas Tucker Taranto Memorial Scholarship Fund reported income of $65k and spending of $33k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $65k (+8.6%), an average of +8.6% a year. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Thomas Tucker Taranto Memorial Scholarship Fund sits at the 32nd percentile: it is larger than about 32% 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 Baraga County Community Foundation ($65k), Peoria Area Roofers Joint Apprenticeship & Training Fund ($65k) and Bourbon Hounds of Houston ($65k).

At year end it held assets of $484k against liabilities of $0, net assets of $484k.