Carroll Moran Memorial Scholarship Fund

Analysis

Carroll Moran Memorial Scholarship Fund is a registered charity in United States, based in Corsicana, TX. It received its IRS tax-exemption ruling in June 2023, 3 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, Carroll Moran Memorial Scholarship Fund reported income of $126k and spending of $15k, leaving 88% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $184k to $126k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 8.5% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carroll Moran Memorial Scholarship Fund sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Southside School Foundation Inc ($126k), Indiana Chief Technology Officer Council Inc ($126k) and Tuloso-Midway Isd Education Foundation Inc ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $307k against liabilities of $0, net assets of $307k.