Ken Kelly Memorial Scholarship Inc

Analysis

Ken Kelly Memorial Scholarship Inc is a registered charity in United States, based in Scituate, MA. It received its IRS tax-exemption ruling in October 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, Ken Kelly Memorial Scholarship Inc reported income of $105k and spending of $10k, leaving 90% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $105k (+176%), an average of +176% a year. The sharpest change came in the year to December 2023, when income rose by 176%. Over the whole period it spent 7.3% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ken Kelly Memorial Scholarship Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include Red Hawk Elementary PTO Inc ($105k), Eau Claire Chamber Educational Foundation Inc ($105k) and Nevada Ski Team Boosters ($105k).

At year end it held assets of $133k against liabilities of $0, net assets of $133k.