Murray 1693 Scholars Foundation

Analysis

Murray 1693 Scholars Foundation is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Murray 1693 Scholars Foundation reported income of $523k and spending of $777k, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $523k (-72%), an average of -27% a year. The sharpest change came in the year to June 2021, when income rose by 141%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Murray 1693 Scholars Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Walton Raider Touchdown Club Inc ($523k), Oklahoma Islamic School Foundation ($523k) and Heritage Homeschool Co-Op ($522k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $18.5m against liabilities of $4,197, net assets of $18.5m.