Corey Goodnature Memorialscholarship Fund

Analysis

Corey Goodnature Memorialscholarship Fund is a registered charity in United States, based in Clarks Grove, MN. It received its IRS tax-exemption ruling in March 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 (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, Corey Goodnature Memorialscholarship Fund reported income of $79k and spending of $38k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $88k to $79k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 190%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corey Goodnature Memorialscholarship Fund sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within MN. Charities of a similar size with the same main cause include Oakhurst Elementary School PTA Inc ($79k), Montana Professional Teaching Foundation ($79k) and Parent Booster USA Inc ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $728k against liabilities of $15k, net assets of $713k.