Machinery Dealers National Association Scholarship Fund

Analysis

Machinery Dealers National Association Scholarship Fund is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in November 1981, 45 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 March 2023, Machinery Dealers National Association Scholarship Fund reported income of $97k and spending of $61k, leaving 37% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $76k to $97k (+28%), an average of +6.4% a year. The sharpest change came in the year to March 2021, when income rose by 184%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Machinery Dealers National Association Scholarship Fund sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Roosevelt Band Parent Association ($97k), Rotary Club of Glenville New York Foundation Inc ($97k) and McDonald County Schools Foundation ($97k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $2.0m against liabilities of $137, net assets of $2.0m.