Lower Merion Township Scholarship Fund

Analysis

Lower Merion Township Scholarship Fund is a registered charity in United States, based in Ardmore, PA. It received its IRS tax-exemption ruling in November 1964, 62 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 June 2024, Lower Merion Township Scholarship Fund reported income of $289k and spending of $161k, leaving 44% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $165k to $289k (+75%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lower Merion Township Scholarship Fund sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include National Association of Corporate Directors ($289k), West Woodland PTA ($289k) and Biblical Theological Seminary of Poland ($289k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $21k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 1 employees.