The Marion I and Henry Jknott Scholarship Fund Inc

Analysis

The Marion I and Henry Jknott Scholarship Fund Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in March 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Marion I and Henry Jknott Scholarship Fund Inc reported income of $1.9m and spending of $3.5m, spending 182% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.9m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 429%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Marion I and Henry Jknott Scholarship Fund Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include 24-Hour Oakland Parent Teacher Childrens Center ($1.9m), Womens Resource Center of North Central Washington ($1.9m) and Safepath Childrens Advocacy Center Inc ($1.9m).

Other salaries and wages came to $126k. At year end it held assets of $77.7m against liabilities of $0, net assets of $77.7m. It reported 4 employees.