Thomas More Scholarship Fund Inc

Analysis

Thomas More Scholarship Fund Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1986, 40 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 July 2024, Thomas More Scholarship Fund Inc reported income of $205k and spending of $289k, spending 141% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $94k to $205k (+117%), an average of +21% a year. The sharpest change came in the year to July 2024, when income rose by 84%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thomas More Scholarship Fund Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($205k), Eagles Wings Ministries ($205k) and Enterprise Zone Corp of Braddock ($205k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 70% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.