Naramake Childrens Scholarship Foundation Inc

Analysis

Naramake Childrens Scholarship Foundation Inc is a registered charity in United States, based in Newtown, CT. It received its IRS tax-exemption ruling in January 2011, 15 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 2024, Naramake Childrens Scholarship Foundation Inc reported income of $851k and spending of $13k, leaving 98% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $904k to $851k (-5.8%), an average of -1.2% a year. Over the whole period it spent 1.6% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Naramake Childrens Scholarship Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within CT. Charities of a similar size with the same main cause include Hillwood Playcare Inc ($851k), Imago Dei Neighborhood School ($851k) and Childrens Center of Brookline & Greater Boston Inc ($851k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $13k (96% of expenses). At year end it held assets of $851k against liabilities of $851k, net assets of $0.