Mitchell Community Scholarship Fund Inc

Analysis

Mitchell Community Scholarship Fund Inc is a registered charity in United States, based in Mitchell, SD. It received its IRS tax-exemption ruling in May 2002, 24 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, Mitchell Community Scholarship Fund Inc reported income of $115k and spending of $73k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $115k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mitchell Community Scholarship Fund Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within SD. Charities of a similar size with the same main cause include K-12 Foundation for Lake Havasu Unified School District 1 ($115k), Society for the Study of Occupation USA ($115k) and P 4 Ministries ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $862k against liabilities of $0, net assets of $862k.