Ned Scholars

Analysis

Ned Scholars is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in July 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, Ned Scholars reported income of $110k and spending of $99k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $110k (+11%), an average of +10% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ned Scholars sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within MI. Charities of a similar size with the same main cause include Friends of Transit ($110k), Bicycle Ride Across Nebraska Inc ($110k) and New Age Ballers Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.