Patricia V Damon Merit Scholarship Fund for the Benefit of Carleton

Analysis

Patricia V Damon Merit Scholarship Fund for the Benefit of Carleton is a registered charity in United States, based in LA Crosse, WI. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Patricia V Damon Merit Scholarship Fund for the Benefit of Carleton reported income of $132k and spending of $169k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $169k to $132k (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2023, when income rose by 995%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Patricia V Damon Merit Scholarship Fund for the Benefit of Carleton sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within WI. Charities of a similar size with the same main cause include Pleasant Hill Booster Club ($132k), William Bonner Ingram Scholarship Fund Inc ($132k) and Friends of the Chinatown Library ($132k).

Compensation of current officers, directors and key employees was $32k (19% of expenses). At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.