Robert Ahern Scholarship Trust

Analysis

Robert Ahern Scholarship Trust is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in August 1985, 41 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 May 2023, Robert Ahern Scholarship Trust reported income of $383k and spending of $416k, spending 108% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $464k to $383k (-17%), an average of -4.7% a year. The sharpest change came in the year to May 2020, when income dropped by 19%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Robert Ahern Scholarship Trust sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Enrich Kids Now ($383k), Literacy Volunteers of Wayne County Inc ($383k) and Bright Beginnings Academy ($383k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $970k against liabilities of $22k, net assets of $949k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.