West Point Class of 1998 Memorial Scholarship Fund Inc

Analysis

West Point Class of 1998 Memorial Scholarship Fund Inc is a registered charity in United States, based in Hingham, MA. It received its IRS tax-exemption ruling in January 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 December 2023, West Point Class of 1998 Memorial Scholarship Fund Inc reported income of $432k and spending of $600k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $432k (+298%), an average of +41% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, West Point Class of 1998 Memorial Scholarship Fund Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Monte Vista Academic Boosters ($432k), Literacy Delaware Inc ($432k) and Friends of Pride Academy Charter School Inc ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $25k, net assets of $1.3m.