Indian and Forest Acres Alumni Scholarship Foundation

Analysis

Indian and Forest Acres Alumni Scholarship Foundation is a registered charity in United States, based in Fryeburg, ME. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indian and Forest Acres Alumni Scholarship Foundation reported income of $56k and spending of $44k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $69k to $56k (-19%), an average of -6.7% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indian and Forest Acres Alumni Scholarship Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 15th percentile within ME. Charities of a similar size with the same main cause include Center for Educational Equity ($56k), Grove City Pre School Inc ($56k) and Launching Leaders Worldwide Inc ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.