Fresh Start Scholarship Foundation Inc

Analysis

Fresh Start Scholarship Foundation Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in June 1997, 29 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 June 2022, Fresh Start Scholarship Foundation Inc reported income of $168k and spending of $125k, leaving 25% of income unspent that year. Across the 2 years on record, from June 2021 to June 2022, income fell from $226k to $168k (-26%), an average of -26% a year. The sharpest change came in the year to June 2022, when income dropped by 26%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fresh Start Scholarship Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 45th percentile within DE. Charities of a similar size with the same main cause include James Madison High School Band Parents Organization Inc ($168k), Clipper Petroleum Foundation Inc ($168k) and The Massachusetts Reading Association Incorporated ($168k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 60% of the total. At year end it held assets of $523k against liabilities of $0, net assets of $523k.