Tolland High School Scholarship Fund Inc

Analysis

Tolland High School Scholarship Fund Inc is a registered charity in United States, based in Tolland, CT. It received its IRS tax-exemption ruling in August 2022, 4 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 September 2023, Tolland High School Scholarship Fund Inc reported income of $74k and spending of $116k, spending 158% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $1.5m to $74k (-95%), an average of -78% a year. The sharpest change came in the year to September 2022, when income dropped by 96%. Over the whole period it spent 18% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tolland High School Scholarship Fund Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within CT. Charities of a similar size with the same main cause include San Antonio Busy Bodies Incorporated ($74k), Luso American Cultural Assoc ($74k) and Yale Whiffenpoof Alumni Inc ($74k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.