Charlie McClendon Scholarship

Analysis

Charlie McClendon Scholarship is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charlie McClendon Scholarship reported income of $143k and spending of $74k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $109k to $143k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charlie McClendon Scholarship sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within LA. Charities of a similar size with the same main cause include Institute for Corporate Counsel ($143k), Elizabethtown Japanese School Inc ($143k) and Brecksville-Broadview Heights Parent School Organization ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.