Spaulding High School Scholarship TR

Analysis

Spaulding High School Scholarship TR is a registered charity in United States, based in Barre, VT. 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, Spaulding High School Scholarship TR reported income of $230k and spending of $282k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $230k (+92%), an average of +18% a year. The sharpest change came in the year to December 2020, when income dropped by 669%. Over the whole period it spent 207% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spaulding High School Scholarship TR sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 48th percentile within VT. Charities of a similar size with the same main cause include Sickles High School Omnibus Booster Organization Inc ($230k), Medgar Evers College Auxiliary Enterprises Corp ($230k) and Scottish Rite Foudation of Virginia ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% of the total. Compensation of current officers, directors and key employees was $6,000 (2.1% of expenses). At year end it held assets of $6.1m against liabilities of $0, net assets of $6.1m.