Connell F Smith & Homer Brown Scholarship and Education Fund

Analysis

Connell F Smith & Homer Brown Scholarship and Education Fund is a registered charity in United States, based in Marion, IL. It received its IRS tax-exemption ruling in February 2009, 17 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 June 2024, Connell F Smith & Homer Brown Scholarship and Education Fund reported income of $150k and spending of $67k, leaving 55% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $75k to $150k (+99%), an average of +41% a year. The sharpest change came in the year to June 2024, when income rose by 106%. 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, Connell F Smith & Homer Brown Scholarship and Education Fund sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Heal Los Angeles Foundation ($149k), Fall Mountain Scholarship Fund Inc ($150k) and Womens Club of Blowing Rock ($149k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 105% of the total. At year end it held assets of $266k against liabilities of $0, net assets of $266k.