Holliston Scholarship Foundation Inc

Analysis

Holliston Scholarship Foundation Inc is a registered charity in United States, based in Holliston, MA. It received its IRS tax-exemption ruling in February 2024, 2 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, Holliston Scholarship Foundation Inc reported income of $244k and spending of $78k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $244k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to December 2023, when income rose by 246%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holliston Scholarship Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Proprietors of the Salem Athenaeum ($244k), Hollidaysburg Area Public Library ($244k) and Iowa City Unesco City of Literature ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $599k against liabilities of $0, net assets of $599k.