Nicholas Jennings Memorial Scholarship Fund

Analysis

Nicholas Jennings Memorial Scholarship Fund is a registered charity in United States, based in Hollis, NH. It received its IRS tax-exemption ruling in August 2014, 12 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, Nicholas Jennings Memorial Scholarship Fund reported income of $72k and spending of $8,075, leaving 89% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $85k to $72k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 11% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nicholas Jennings Memorial Scholarship Fund sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within NH. Charities of a similar size with the same main cause include Lake Elementary PTO ($72k), New Home Ag Coalition Inc ($72k) and John Pettibone Memorial Scholarship Fund Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% of the total. At year end it held assets of $596k against liabilities of $0, net assets of $596k.