Moynihan Scholarship Fund Inc

Analysis

Moynihan Scholarship Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2018, 8 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 May 2023, Moynihan Scholarship Fund Inc reported income of $373k and spending of $499k, spending 134% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $2.9m to $373k (-87%), an average of -50% a year. The sharpest change came in the year to May 2021, when income dropped by 81%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Moynihan Scholarship Fund Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Vscpa Educational Foundation Inc ($373k), Levi E Coe Library Association ($374k) and Learning for Living Institute ($373k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $80k (16% of expenses). Other salaries and wages came to $113k. At year end it held assets of $2.6m against liabilities of $460k, net assets of $2.1m. It reported 17 employees.