Scholarship Committee Incorporated of the Salem High School Alumni As

Analysis

Scholarship Committee Incorporated of the Salem High School Alumni As is a registered charity in United States, based in Salem, OH. It received its IRS tax-exemption ruling in November 1943, 83 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, Scholarship Committee Incorporated of the Salem High School Alumni As reported income of $449k and spending of $588k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $837k to $449k (-46%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarship Committee Incorporated of the Salem High School Alumni As 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 OH. Charities of a similar size with the same main cause include Holocaust Remembrance Association ($449k), Connectable Inc ($449k) and Arcadian Fellowship Church Inc ($449k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 1.2% of the total. Other salaries and wages came to $83k. At year end it held assets of $12.0m against liabilities of $2,397, net assets of $11.9m. It reported 2 employees.