John McLendon Minority Scholarship Foundation

Analysis

John McLendon Minority Scholarship Foundation is a registered charity in United States, based in Westlake, OH. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, John McLendon Minority Scholarship Foundation reported income of $134k and spending of $264k, spending 198% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $203k to $134k (-34%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 171% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, John McLendon Minority Scholarship Foundation 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 45th percentile within OH. Charities of a similar size with the same main cause include Nantucket Boosters Club ($134k), Stow-Monroe Falls Booster Club ($134k) and Edmonson County Middle High Schools Extracurricular Activies & PTO Inc ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $2.1m against liabilities of $109k, net assets of $2.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.