Somerville High School Scholarship Foundation

Analysis

Somerville High School Scholarship Foundation is a registered charity in United States, based in W Somerville, MA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Somerville High School Scholarship Foundation reported income of $60k and spending of $90k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $393k to $60k (-85%), an average of -37% a year. The sharpest change came in the year to December 2022, when income dropped by 118%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Somerville High School Scholarship Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Signal Mountain Christian Co-Op ($60k), PS 32 Richmond ($60k) and Upper Freehold Regional Education Foundation ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% of the total. At year end it held assets of $2.7m against liabilities of $14k, net assets of $2.7m.