Monsignor Forbes Scholarship Fund Trust Agreement

Analysis

Monsignor Forbes Scholarship Fund Trust Agreement is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in May 1982, 44 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, Monsignor Forbes Scholarship Fund Trust Agreement reported income of $99k and spending of $92k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $102k to $99k (-2.9%), an average of -2.9% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monsignor Forbes Scholarship Fund Trust Agreement sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within MI. Charities of a similar size with the same main cause include Greer Recreation Association Inc ($99k), Senior Citizens of Big Bear Valley ($99k) and National Affordable Housing Foundation Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $257k against liabilities of $0, net assets of $257k.