Incorporated Edwin Austin Abbey Memorial Scholarships for Mural Pa

Analysis

Incorporated Edwin Austin Abbey Memorial Scholarships for Mural Pa is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Incorporated Edwin Austin Abbey Memorial Scholarships for Mural Pa reported income of $103k and spending of $41k, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $142k to $103k (-27%), an average of -7.6% a year. The sharpest change came in the year to June 2021, when income rose by 567%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Incorporated Edwin Austin Abbey Memorial Scholarships for Mural Pa sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Commercial Real Estate Alliance for Tomorrows Employees ($103k), Living Tree Academy ($103k) and Oakland African American Chamber Foundation ($103k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $1.5m against liabilities of $28k, net assets of $1.5m.