Memorial Scholarship Loan Fund of College Club of Ridgewood N J

Analysis

Memorial Scholarship Loan Fund of College Club of Ridgewood N J is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in February 1957, 69 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Memorial Scholarship Loan Fund of College Club of Ridgewood N J reported income of $71k and spending of $60k, spending 84% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $66k to $71k (+8.7%), an average of +8.7% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memorial Scholarship Loan Fund of College Club of Ridgewood N J sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Georgia Extension 4-H Foundation ($71k), Ridgewood Concert Band Inc ($71k) and Pets and People Foundation Incorporated ($71k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.