South Spencer Scholarship Foundation Inc

Analysis

South Spencer Scholarship Foundation Inc is a registered charity in United States, based in Rockport, IN. It received its IRS tax-exemption ruling in July 1985, 41 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, South Spencer Scholarship Foundation Inc reported income of $61k and spending of $58k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $97k to $61k (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 297%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Spencer Scholarship Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IN. Charities of a similar size with the same main cause include The Humane Society of Lincoln County Incorporated ($61k), National Dairy Shrine ($61k) and Greenville County Foster Parent Association Gcfpa ($61k).

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 $1.0m against liabilities of $0, net assets of $1.0m.