New Canaan High School Scholarship Foundation Inc

Analysis

New Canaan High School Scholarship Foundation Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in March 1971, 55 years ago. 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 December 2023, New Canaan High School Scholarship Foundation Inc reported income of $231k and spending of $184k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $285k to $231k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Canaan High School Scholarship Foundation 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 54th percentile within CT. Charities of a similar size with the same main cause include Mid-County Senior Center Corporation ($231k), Citizens Scholarship Foundation of America Inc ($231k) and Regional Housing Corporation ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.