Southbury Middlebury Scholarship Foundation Inc

Analysis

Southbury Middlebury Scholarship Foundation Inc is a registered charity in United States, based in Middlebury, CT. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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 June 2024, Southbury Middlebury Scholarship Foundation Inc reported income of $76k and spending of $44k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $26k to $76k (+189%), an average of +30% a year. The sharpest change came in the year to June 2024, when income rose by 151%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southbury Middlebury Scholarship Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within CT. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($76k), Tulane Law Review Association ($76k) and PTA California Congress of Parents Teachers & Students Inc ($76k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% of the total. At year end it held assets of $331k against liabilities of $0, net assets of $331k.