Northeast Catholic Alumni Memorial Scholarship Fund Inc

Analysis

Northeast Catholic Alumni Memorial Scholarship Fund Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 1969, 57 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 2023, Northeast Catholic Alumni Memorial Scholarship Fund Inc reported income of $296k and spending of $487k, spending 165% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $278k to $296k (+6.4%), an average of +2.1% a year. Over the whole period it spent 155% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northeast Catholic Alumni Memorial Scholarship Fund Inc sits at the 61st percentile: it is larger than about 61% 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 Rush Nursery School Inc ($296k), Knight Athletic Booster Association ($296k) and Jesse C Fletcher Seminary ($296k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $3.9m against liabilities of $1.2m, net assets of $2.7m.

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.