Maitland E Smith Scholarship House Alumni Associate Memorial Fund

Analysis

Maitland E Smith Scholarship House Alumni Associate Memorial Fund is a registered charity in United States, based in Manhattan, KS. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Maitland E Smith Scholarship House Alumni Associate Memorial Fund reported income of $199k and spending of $199k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $391k to $199k (-49%), an average of -20% a year. The sharpest change came in the year to June 2022, when income rose by 123%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maitland E Smith Scholarship House Alumni Associate Memorial Fund sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within KS. Charities of a similar size with the same main cause include Funds for the Biblioteca Publica Inc ($199k), Inspiring Educators Inc ($199k) and McAlester Scottish Rite Charitable and Educational Foundation ($199k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. Other salaries and wages came to $37k. At year end it held assets of $814k against liabilities of $1,776, net assets of $812k. It reported 10 employees.