Souhegan Scholarship Foundation

Analysis

Souhegan Scholarship Foundation is a registered charity in United States, based in Amherst, NH. It received its IRS tax-exemption ruling in November 2016, 10 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, Souhegan Scholarship Foundation reported income of $75k and spending of $48k, leaving 36% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $78k to $75k (-3.3%), an average of -3.3% a year. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Souhegan Scholarship Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within NH. Charities of a similar size with the same main cause include Cambridge Heights Parent-Faculty Club ($75k), Fletcher Falcon Enterprise Corporation ($75k) and Leadership Monterey County ($75k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 28% of the total. At year end it held assets of $332k against liabilities of $0, net assets of $332k.