Connestee Falls Student Scholarship Program

Analysis

Connestee Falls Student Scholarship Program is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in August 2001, 25 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 December 2023, Connestee Falls Student Scholarship Program reported income of $213k and spending of $27k, leaving 87% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $173k to $213k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Connestee Falls Student Scholarship Program sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Mapleton Boosters ($213k), Hutto Athletic Booster Club ($213k) and Parent Booster USA Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $307k against liabilities of $0, net assets of $307k.