New Haven Scholarship Fund Inc

Analysis

New Haven Scholarship Fund Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in March 1961, 65 years ago. 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 2023, New Haven Scholarship Fund Inc reported income of $529k and spending of $401k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $392k to $529k (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Haven Scholarship Fund Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Lamplighter Manor Inc ($529k), Georgia Police K9 Foundation Inc ($529k) and Agua Viva Ministries ($529k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.