Alray Taylor Second Chance Scholarship Fund Corporation

Analysis

Alray Taylor Second Chance Scholarship Fund Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 2010, 16 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 June 2023, Alray Taylor Second Chance Scholarship Fund Corporation reported income of $597k and spending of $382k, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $151k to $597k (+294%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alray Taylor Second Chance Scholarship Fund Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Tampa Bay International School Inc ($597k), Page High School Athletic Booster Club ($597k) and Liberty P a T S ($597k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $93k (24% of expenses). Other salaries and wages came to $60k. At year end it held assets of $867k against liabilities of $15k, net assets of $851k. It reported 2 employees.