LT Michael P Murphy Usn Memorial Scholarship Foundation

Analysis

LT Michael P Murphy Usn Memorial Scholarship Foundation is a registered charity in United States, based in Riverhead, NY. It received its IRS tax-exemption ruling in April 2006, 20 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, LT Michael P Murphy Usn Memorial Scholarship Foundation reported income of $184k and spending of $179k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $201k to $184k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LT Michael P Murphy Usn Memorial Scholarship Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Passaic Optimist Friend of Youth Foundation Inc ($184k), Sel4ca ($184k) and Arizona Roofing Industry Foundation ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $943k against liabilities of $0, net assets of $943k.