Mamaroneck-Larchmont Student Aid Fund Inc

Analysis

Mamaroneck-Larchmont Student Aid Fund Inc is a registered charity in United States, based in Larchmont, NY. It received its IRS tax-exemption ruling in April 1949, 77 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Mamaroneck-Larchmont Student Aid Fund Inc reported income of $464k and spending of $447k, spending 96% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $497k to $464k (-6.6%), an average of -1.7% a year. The sharpest change came in the year to April 2022, when income rose by 21%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mamaroneck-Larchmont Student Aid Fund Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Science Spark ($464k), Sun Valley Policy Forum Inc ($464k) and Focus Corp MN Inc ($464k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.