Friends of Ryan Duce Morrissey Scholarship Fund Inc

Analysis

Friends of Ryan Duce Morrissey Scholarship Fund Inc is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in February 2019, 7 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, Friends of Ryan Duce Morrissey Scholarship Fund Inc reported income of $105k and spending of $22k, leaving 79% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $108k to $105k (-3.3%), an average of -3.3% a year. Over the whole period it spent 24% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Ryan Duce Morrissey Scholarship Fund Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($105k), Ministry to Ministry Foundation ($105k) and Minnesota Congress of Parents and Teachers ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $427k against liabilities of $0, net assets of $427k.