Ted Gunther Memorial Scholarship Fund Inc

Analysis

Ted Gunther Memorial Scholarship Fund Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Ted Gunther Memorial Scholarship Fund Inc reported income of $52k and spending of $50k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $52k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ted Gunther Memorial Scholarship Fund Inc 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 20th percentile, and in the 27th percentile within NJ. Charities of a similar size with the same main cause include Randy Walker Legacy Foundation ($52k), Asha Foundation Inc ($52k) and Kassiekares Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.