Davis-Putter Scholarship Fund

Analysis

Davis-Putter Scholarship Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1962, 64 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 June 2024, Davis-Putter Scholarship Fund reported income of $248k and spending of $363k, spending 146% of what it took in. Across the 6 years on record, from December 2019 to June 2024, income fell from $348k to $248k (-29%), an average of -6.5% a year. The sharpest change came in the year to June 2021, when income rose by 194%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Davis-Putter Scholarship Fund sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Maine Composites Alliance ($248k), Siloam Springs Public School Foundation Inc ($248k) and Apalachin Library Association ($248k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $104k (29% of expenses). At year end it held assets of $482k against liabilities of $288, net assets of $482k. 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.