Thomas R Elsasser Memorial Scholarship Fund Inc

Analysis

Thomas R Elsasser Memorial Scholarship Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1994, 32 years ago. 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 July 2023, Thomas R Elsasser Memorial Scholarship Fund Inc reported income of $376k and spending of $528k, spending 141% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $320k to $376k (+17%), an average of +4.1% a year. The sharpest change came in the year to July 2021, when income rose by 531%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thomas R Elsasser Memorial Scholarship Fund Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Studio at 620 Inc ($376k), Big Brothers Big Sisters of the Black Hills ($376k) and The Greensboro Symphony Endowment Fund ($376k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $3.7m against liabilities of $11k, net assets of $3.7m.