Otho Davis Scholarship Foundation Inc

Analysis

Otho Davis Scholarship Foundation Inc is a registered charity in United States, based in Woodbury, NJ. It received its IRS tax-exemption ruling in December 1999, 27 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 December 2022, Otho Davis Scholarship Foundation Inc reported income of $67k and spending of $71k, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $98k to $67k (-32%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Otho Davis Scholarship Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within NJ. Charities of a similar size with the same main cause include Montclair Parent Teacher Organization Inc ($67k), West Ottawa Panther Fund ($67k) and Colegio Roosevelt-American School ($67k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 18% of the total. Compensation of current officers, directors and key employees was $20k (28% of expenses). At year end it held assets of $171k against liabilities of $16k, net assets of $154k. It reported 1 employees.

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.