Norris City-Omaha Alumni Association Scholarship Fund

Analysis

Norris City-Omaha Alumni Association Scholarship Fund is a registered charity in United States, based in Norris City, IL. It received its IRS tax-exemption ruling in March 1972, 54 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 April 2024, Norris City-Omaha Alumni Association Scholarship Fund reported income of $134k and spending of $133k, spending 99% of its income. Across the 2 years on record, from April 2023 to April 2024, income fell from $159k to $134k (-16%), an average of -16% a year. The sharpest change came in the year to April 2024, when income dropped by 16%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norris City-Omaha Alumni Association Scholarship Fund sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include New Freedom Theater Inc ($134k), William Foley Football League ($134k) and Boys & Girls Clubs of Washington County ($134k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 91% of the total. At year end it held assets of $303k against liabilities of $0, net assets of $303k.