Rachel Gamble Memorial Scholarship Fund

Analysis

Rachel Gamble Memorial Scholarship Fund is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rachel Gamble Memorial Scholarship Fund reported income of $79k and spending of $17k, leaving 78% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $79k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 22% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rachel Gamble Memorial Scholarship Fund sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within TN. Charities of a similar size with the same main cause include PTA NC Congress Holly Ridge Elementary Schhol PTA ($79k), Kansas City Japanese School Inc ($79k) and Samantha Smith PTA Lake Washington Council 2 8 57 ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.0% of the total. At year end it held assets of $366k against liabilities of $0, net assets of $366k.