Bob Moretti Memorial Scholarship Foundation

Analysis

Bob Moretti Memorial Scholarship Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in April 1985, 41 years ago. 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, Bob Moretti Memorial Scholarship Foundation reported income of $157k and spending of $118k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $177k to $157k (-12%), an average of -12% a year. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bob Moretti Memorial Scholarship Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Mid Cities Pee Wee Football Association ($157k), Nisqually Reach Nature Center ($157k) and Japan America Society of St Louis Inc ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $395k against liabilities of $0, net assets of $395k.