John Pettibone Memorial Scholarship Fund Inc

Analysis

John Pettibone Memorial Scholarship Fund Inc is a registered charity in United States, based in New Preston, CT. It received its IRS tax-exemption ruling in June 1970, 56 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 September 2023, John Pettibone Memorial Scholarship Fund Inc reported income of $72k and spending of $79k, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $113k to $72k (-36%), an average of -11% a year. The sharpest change came in the year to September 2022, when income rose by 103%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, John Pettibone Memorial Scholarship Fund Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within CT. Charities of a similar size with the same main cause include Bobby Stephens St Patricks Day Fund for Education ($72k), Lake Elementary PTO ($72k) and North America Taiwanese Medical Association Foundation ($72k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $447k against liabilities of $0, net assets of $447k.