Milton High School Scholarship Fund Inc

Analysis

Milton High School Scholarship Fund Inc is a registered charity in United States, based in Milton, WI. It received its IRS tax-exemption ruling in November 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Milton High School Scholarship Fund Inc reported income of $58k and spending of $62k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $67k to $58k (-14%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income dropped by 15%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Milton High School Scholarship Fund Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within WI. Charities of a similar size with the same main cause include Dixon Community Trust ($58k), National Association of Charitable Gift Planners ($58k) and Applebaum Family Support Foundation ($58k).

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 $68k against liabilities of $0, net assets of $68k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.