The Litchfield Scholarship Association Inc

Analysis

The Litchfield Scholarship Association Inc is a registered charity in United States, based in Litchfield, CT. It received its IRS tax-exemption ruling in November 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Litchfield Scholarship Association Inc reported income of $824k and spending of $481k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $568k to $824k (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 86%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Litchfield Scholarship Association Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Wise Alliance ($824k), Allegany County Area Foundation Inc ($824k) and Scago Educational Facilities Corporation for Sumter 17 School D ($823k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.0% of the total. At year end it held assets of $9.5m against liabilities of $0, net assets of $9.5m.