Memorial Scholarship Program of Freedom Village

Analysis

Memorial Scholarship Program of Freedom Village is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Memorial Scholarship Program of Freedom Village reported income of $58k and spending of $81k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $563k to $58k (-90%), an average of -43% a year. The sharpest change came in the year to December 2020, when income dropped by 76%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Memorial Scholarship Program of Freedom Village 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 23rd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Los Altos High Eagle Band Boosters ($58k), Merry Life Society ($58k) and The Pinehurst Foundation ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $757k against liabilities of $0, net assets of $757k.