Mary Adeline Gardner Scholarship Fund

Analysis

Mary Adeline Gardner Scholarship Fund is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mary Adeline Gardner Scholarship Fund reported income of $146k and spending of $101k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $146k (+147%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 238%. Over the whole period it spent 125% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mary Adeline Gardner Scholarship Fund sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within OH. Charities of a similar size with the same main cause include Morningstar Foundation for Adults with Autism Inc ($146k), Sacramento Venture Philanthropy ($146k) and S O L I D ($146k).

Compensation of current officers, directors and key employees was $27k (27% of expenses). At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.