League of Women Voters Lotte E Scharfman Memorial Fund

Analysis

League of Women Voters Lotte E Scharfman Memorial Fund is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, League of Women Voters Lotte E Scharfman Memorial Fund reported income of $239k and spending of $206k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $154k to $239k (+55%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 45%. Over the whole period it spent 82% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, League of Women Voters Lotte E Scharfman Memorial Fund sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include League of Women Voters of the City of New York Inc ($239k), Write-Way Prison Ministries Inc ($239k) and Diversity Collective Ventura County ($239k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $45k (22% of expenses). Other salaries and wages came to $96k. At year end it held assets of $1.6m against liabilities of $20k, net assets of $1.6m. It reported 6 employees.