Top Notch Scholars Inc

Analysis

Top Notch Scholars Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Top Notch Scholars Inc reported income of $626k and spending of $560k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $287k to $626k (+118%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Top Notch Scholars Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Cottonwood Alc Inc ($625k), Plum Tree Educational Services ($626k) and French House Incorporated ($625k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $167k (30% of expenses). Other salaries and wages came to $87k. At year end it held assets of $494k against liabilities of $139k, net assets of $355k. It reported 16 employees.