Clyde Russell Scholarship Fund

Analysis

Clyde Russell Scholarship Fund is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in September 1984, 42 years ago. 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 August 2023, Clyde Russell Scholarship Fund reported income of $60k and spending of $54k, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $43k to $60k (+41%), an average of +8.9% a year. The sharpest change came in the year to August 2021, when income rose by 54%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clyde Russell Scholarship Fund sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 17th percentile within ME. Charities of a similar size with the same main cause include Bradenton Christian School Foundation Inc ($60k), PTA California Congress of Parents Teachers & Students Inc ($60k) and Little League Baseball Inc ($60k).

Other salaries and wages came to $2,368. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 1 employees.