Tri-County Scholarship Fund

Analysis

Tri-County Scholarship Fund is a registered charity in United States, based in Mendham, NJ. It received its IRS tax-exemption ruling in October 1983, 43 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, Tri-County Scholarship Fund reported income of $3.9m and spending of $3.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $3.9m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tri-County Scholarship Fund sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Royal Palm Charter School ($3.9m), Signature School Inc ($3.9m) and Alamance Partnership for Children ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $255k (7.0% of expenses). Other salaries and wages came to $287k. At year end it held assets of $10.3m against liabilities of $1.5m, net assets of $8.8m. It reported 6 employees.