Newcomerstown Scholarship Foundation

Analysis

Newcomerstown Scholarship Foundation is a registered charity in United States, based in Newcomerstown, OH. It received its IRS tax-exemption ruling in July 2014, 12 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, Newcomerstown Scholarship Foundation reported income of $111k and spending of $268k, spending 241% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $159k to $111k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 149% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newcomerstown Scholarship Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within OH. Charities of a similar size with the same main cause include PTA North Carolina Congress ($111k), Georgia Association for Health Physical Education Recreation ($111k) and PTA California Congress of Parents Teachers & Students Inc ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.