Citizens Scholarship Foundation of America Inc

Analysis

Citizens Scholarship Foundation of America Inc is a registered charity in United States, based in Dracut, MA. It received its IRS tax-exemption ruling in April 1962, 64 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Citizens Scholarship Foundation of America Inc reported income of $231k and spending of $183k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $232k to $231k (-0.7%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 139%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Citizens Scholarship Foundation of America Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include New Canaan High School Scholarship Foundation Inc ($231k), Pee Dee Housing Development Corporation ($231k) and Mid-County Senior Center Corporation ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $1.8m against liabilities of $19k, net assets of $1.8m.