New Haven Scholarship Fund Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
New Haven Scholarship Fund Inc is a 501(c)(3) organization based in New Haven, Connecticut, registered in 1961, with $473,272 in FY2023 revenue. CharityIndex grades it B.
Po Box 8936, New Haven, CT, 06532 EIN 06-6049938 Since 1961
Revenue (FY2023)
$473K
▼ 10.6% vs prior year
Expenses (FY2023)
$396K
Net assets
$3.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for New Haven Scholarship Fund Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating110 mo reserves · +16% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For New Haven Scholarship Fund Inc: 110 mo reserves · +16% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for New Haven Scholarship Fund Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For New Haven Scholarship Fund Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 8936, New Haven, CT, 06532
- City
- New Haven
- State
- Connecticut
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $343K (FY2015) to $473K (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $3.6M
Operating margin
16.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.6M
Total liabilities
$0
Net assets
$3.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $473,272▼10.6% | $395,913▼1.2% | $3,642,567▲7.8% | $3,642,567▲7.8% | 990 |
| 2022 | $529,299▼31.3% | $400,852▼15.8% | $3,378,466▲6.8% | $3,378,466▲6.8% | 990 |
| 2021 | $770,571▲28.9% | $476,199▲87.4% | $3,163,056▼9.0% | $3,163,056▼9.0% | 990 |
| 2020 | $597,710▲29.5% | $254,104▼16.6% | $3,477,521▲28.8% | $3,477,521▲28.8% | 990 |
| 2019 | $461,558▲17.9% | $304,624▲15.3% | $2,699,159▲10.0% | $2,699,159▲10.0% | 990 |
| 2018 | $391,515▲35.3% | $264,269▲0.7% | $2,453,727▲5.2% | $2,453,727▲5.2% | 990 |
| 2017 | $289,380▼18.5% | $262,378▼7.5% | $2,332,082▲1.9% | $2,332,082▲1.9% | 990 |
| 2016 | $354,968▲3.6% | $283,641▲14.4% | $2,289,532▲10.2% | $2,289,532▲10.2% | 990 |
| 2015 | $342,559 | $247,926▼25.6% | $2,077,041▲2.2% | $2,077,041▲2.2% | 990 |
| 2012 | — | $333,099▲24.9% | $2,031,541▲3.8% | $2,031,541▲3.8% | 990 |
| 2011 | — | $266,691 | $1,957,092 | $1,957,092 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $436K total
26 grants to New Haven Scholarship Fund Inc totaling $436K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation For Greater New Haven | Endowment distribution | 2024 | $143,375 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $10,000 |
| Community Foundation For Greater New Haven | To a graduating high school senior or seniors from a public high school in new haven to assist them in attending an accredited college or university based on academic merit and financial need. | 2023 | $29,828 |
| Community Foundation For Greater New Haven | For scholarship purposes to deserving under privileded students of the new haven area and to that end i direct that the income therefrom be distributed to the new haven scholarship fund, inc. | 2023 | $22,443 |
| Community Foundation For Greater New Haven | For general support | 2023 | $20,000 |
| Community Foundation For Greater New Haven | For the use of the new haven scholarship fund for scholarships to students of the new haven public high schools. | 2023 | $18,140 |
| Community Foundation For Greater New Haven | Endowment distribution | 2023 | $17,740 |
| Community Foundation For Greater New Haven | To provide general operating support. | 2023 | $15,000 |
| Community Foundation For Greater New Haven | Dr. tammis sholin miller scholarship fund | 2023 | $10,000 |
| Community Foundation For Greater New Haven | For boys and girls who have graduated from the grammar school, would otherwise be unable to obtain a higher education, but who have given promise of such character and ability as to make them useful members of society. | 2023 | $8,220 |
| Community Foundation For Greater New Haven | Scholarships to be given to eligible applicants from the greater new haven area with a preference for applicants from the city of new haven currently enrolled in or having applied for admission to a post secondary institution (accredited college or university) in a curriculum leading to a bachelor's or associate's degree. the criteria should include financial need and academic excellence. scholarship recipients must reapply to continue to study for a subsequent year, any renewals must be based solely upon factors such as need and maintenance of scholastic standards. the donor requests that renewals of previously awarded scholarships be given priority over new awards. | 2023 | $6,297 |
| Donor Advised Charitable Giving | Education | 2022 | $7,000 |
| The Chicago Community Trust | General operating support | 2021 | $15,500 |
| The Chicago Community Trust | General operating support | 2021 | $15,500 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2021 | $10,000 |
Frequently asked questions
- Is New Haven Scholarship Fund Inc a legitimate nonprofit?
- Yes. New Haven Scholarship Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-6049938, based in New Haven, Connecticut. Donations are tax-deductible.
- What is New Haven Scholarship Fund Inc's EIN?
- New Haven Scholarship Fund Inc's Employer Identification Number (EIN) is 06-6049938.
- How much revenue does New Haven Scholarship Fund Inc report?
- New Haven Scholarship Fund Inc reported $473,272 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does New Haven Scholarship Fund Inc have?
- CharityIndex grades New Haven Scholarship Fund Inc B, based on financial health (reserves and operating margin).
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Data for New Haven Scholarship Fund Inc (EIN 06-6049938) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.