Butch Mancini Memorial Scholarship Fund Inc

Analysis

Butch Mancini Memorial Scholarship Fund Inc is a registered charity in United States, based in Park Ridge, NJ. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Butch Mancini Memorial Scholarship Fund Inc reported income of $51k and spending of $45k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $51k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Butch Mancini Memorial Scholarship Fund Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 26th percentile within NJ. Charities of a similar size with the same main cause include The Washington Local Band and Orchestra Boosters Association Inc ($51k), Tennessee Council of Cooperatives Inc ($51k) and Cybersonics Technology Team 103 ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.