Matthew Zonghetti Scholarship Fund

Analysis

Matthew Zonghetti Scholarship Fund is a registered charity in United States, based in Mansfield, MA. It received its IRS tax-exemption ruling in May 2020, 6 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 December 2023, Matthew Zonghetti Scholarship Fund reported income of $74k and spending of $38k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $74k (+11%), an average of +11% a year. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Matthew Zonghetti Scholarship Fund sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Winston Churchill I B Booster Club ($74k), Creative Capital Impact Organization ($74k) and Friends of the Marblehead Public Schools Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $260k against liabilities of $0, net assets of $260k.