Blaine Community Scholarship Association

Analysis

Blaine Community Scholarship Association is a registered charity in United States, based in Blaine, MN. It received its IRS tax-exemption ruling in March 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Blaine Community Scholarship Association reported income of $71k and spending of $68k, spending 95% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $60k to $71k (+19%), an average of +9.0% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blaine Community Scholarship Association sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within MN. Charities of a similar size with the same main cause include PTA North Carolina Congress ($71k), East Hampton Nursery School Inc ($71k) and Hirsh Family Foundation ($71k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.