Peter Manzon Scholarship Corp

Analysis

Peter Manzon Scholarship Corp is a registered charity in United States, based in Waltham, 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, Peter Manzon Scholarship Corp reported income of $75k and spending of $23k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $75k (+14%), an average of +14% a year. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Peter Manzon Scholarship Corp 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 Mu Chapter of Sigma Pi Educational Foundation Inc ($75k), Vidyarambam USA ($75k) and Anamosa Music Boosters ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.