Richard T Gosser Scholarship Program

Analysis

Richard T Gosser Scholarship Program is a registered charity in United States, based in Maumee, OH. It received its IRS tax-exemption ruling in December 1971, 55 years ago. 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, Richard T Gosser Scholarship Program reported income of $245k and spending of $165k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $245k (+10.0%), an average of +2.4% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richard T Gosser Scholarship Program sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include Kingsville Recreation and Parks Council ($245k), Quarterback Club of Celina Texas ($245k) and Northeast Modern Language Association Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $2.8m against liabilities of $253k, net assets of $2.6m.