Funderburg Scholars Inc

Analysis

Funderburg Scholars Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in September 2016, 10 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 April 2024, Funderburg Scholars Inc reported income of $346k and spending of $185k, leaving 47% of income unspent that year. Across the 3 years on record, from April 2022 to April 2024, income grew from $285k to $346k (+21%), an average of +10% a year. The sharpest change came in the year to April 2024, when income rose by 86%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Funderburg Scholars Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Sun Valley School PTO Inc ($346k), Farm Bureau Foundation of Sonoma County ($346k) and Bladen Community College Foundation Inc ($346k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $531k against liabilities of $0, net assets of $531k.