Manchester Scholarship Foundation Inc

Analysis

Manchester Scholarship Foundation Inc is a registered charity in United States, based in Manchester, CT. It received its IRS tax-exemption ruling in November 1965, 61 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, Manchester Scholarship Foundation Inc reported income of $2.7m and spending of $1.1m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.7m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 818%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Manchester Scholarship Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Cape Fear Montessori Village Inc ($2.7m), Neuse Christian Academy Inc ($2.7m) and Building Bridges Child Development ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $24.2m against liabilities of $463k, net assets of $23.7m.