Mary I Gourley Scholarship Foundation

Analysis

Mary I Gourley Scholarship Foundation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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 June 2024, Mary I Gourley Scholarship Foundation reported income of $293k and spending of $692k, spending 236% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $275k to $293k (+6.8%), an average of +1.3% a year. The sharpest change came in the year to June 2020, when income rose by 260%. Over the whole period it spent 184% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mary I Gourley Scholarship Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include National Association for Equal Opportunity in Higher Education ($293k), Andrew Morehouse Trust Association Inc ($293k) and Maverick House Foundation Inc ($293k).

Compensation of current officers, directors and key employees was $100k (14% of expenses). Other salaries and wages came to $38k. At year end it held assets of $7.5m against liabilities of $2,717, net assets of $7.5m. It reported 2 employees.