Kedrick Scribner Foundation Inc

Analysis

Kedrick Scribner Foundation Inc is a registered charity in United States, based in Parkville, MD. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Kedrick Scribner Foundation Inc reported income of $159k and spending of $125k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $198k to $159k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kedrick Scribner Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Gibson-Straube Charitable Group ($159k), TDNT Social Services Inc ($159k) and Houston Yoga & Ayurveda Ahsram Inc ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.