Daniel Murphy Scholarship Fund

Analysis

Daniel Murphy Scholarship Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1990, 36 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 August 2023, Daniel Murphy Scholarship Fund reported income of $4.2m and spending of $4.9m, spending 117% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.5m to $4.2m (+19%), an average of +4.4% a year. The sharpest change came in the year to August 2021, when income rose by 44%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Daniel Murphy Scholarship Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Montessori Community School ($4.2m), Institute of General Semantics Incorporated ($4.2m) and Sigma XI the Scientific Research Honor Society Inc ($4.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $214k (4.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $11.8m against liabilities of $2.4m, net assets of $9.4m. It reported 22 employees.