Scholarship Granting Organization of Catholic Community Foundation

Analysis

Scholarship Granting Organization of Catholic Community Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Scholarship Granting Organization of Catholic Community Foundation reported income of $5.3m and spending of $3.7m, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $4.6m to $5.3m (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scholarship Granting Organization of Catholic Community Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Verland ($5.3m), Mississippi State University Research and Technology Corp ($5.3m) and John H Shook Foundation ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $6.1m against liabilities of $119k, net assets of $6.0m.