Charles County Scholarship Fund Inc

Analysis

Charles County Scholarship Fund Inc is a registered charity in United States, based in LA Plata, MD. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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, Charles County Scholarship Fund Inc reported income of $160k and spending of $262k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $188k to $160k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charles County Scholarship Fund Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Moniteau County Agricultural and Mechanical Society ($160k), Friends of Hartman Reserve Inc ($160k) and Cupertino Historical Society Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $775k against liabilities of $0, net assets of $775k.

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.