Ispe Boston Area Chapter Scholarship Foundation Inc

Analysis

Ispe Boston Area Chapter Scholarship Foundation Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in November 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Ispe Boston Area Chapter Scholarship Foundation Inc reported income of $109k and spending of $61k, leaving 44% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $90k to $109k (+21%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 21%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ispe Boston Area Chapter Scholarship Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Dr Ephraim Williams Family Life Center and Outreach Program ($109k), Friends of the Esthervile Public Library ($109k) and Unity Athletic Alumni Association ($109k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $211k against liabilities of $0, net assets of $211k.