The Mclnich Scholarship Fund
EIN: 26076262 · Manchester, NH
| Metric | Value |
|---|---|
| Total Revenue | $736K |
| Total Expenses | $125K |
| Net Assets | $1.7M |
Is The Mclnich Scholarship Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Mclnich Scholarship Fund
The Mclnich Scholarship Fund (EIN: 26076262) is a nonprofit organization based in Manchester, NH. The organization reported total revenue of $736K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Mclnich Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Mclnich Scholarship Fund is a small nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $125K |
| Surplus / Deficit | $-14,918 |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | -13.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 164.9 months |
Financial Health Grade: B
In 2023, The Mclnich Scholarship Fund reported a deficit of $15K with expenses exceeding revenue, holds 164.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Mclnich Scholarship Fund's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +139.6% | +6.0% | -0.9% |
| 2022 | -90.3% | -5.8% | -4.0% |
| 2021 | +690.4% | +16.4% | +24.0% |
| 2020 | -42.6% | +0.8% | -3.2% |
| 2019 | -8.3% | -0.6% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Mclnich Scholarship Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Mclnich Scholarship Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about The Mclnich Scholarship Fund
Is The Mclnich Scholarship Fund a legitimate charity?
The Mclnich Scholarship Fund (EIN: 26076262) is a registered tax-exempt nonprofit based in New Hampshire. It has 10 years of IRS 990 filings on record. Total revenue: $736K. No red flags identified. Financial health grade: B.
How does The Mclnich Scholarship Fund spend its money?
The Mclnich Scholarship Fund reported $736K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Mclnich Scholarship Fund tax-deductible?
The Mclnich Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 26076262). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Mclnich Scholarship Fund located?
The Mclnich Scholarship Fund is headquartered in Manchester, New Hampshire and files with the IRS under EIN 26076262.
How many years of IRS 990 filings does The Mclnich Scholarship Fund have?
The Mclnich Scholarship Fund has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $736K in total revenue.
Filing History
IRS 990 filing history for The Mclnich Scholarship Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Mclnich Scholarship Fund's revenue has declined by 45%, moving from $200K to $110K. Total assets increased by 29.2% over the same period, from $1.3M to $1.7M. Total functional expenses rose by 56%, from $80K to $125K. In its most recent filing year (2023), The Mclnich Scholarship Fund reported a deficit of $15K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $125K | $1.7M | $1 | — | View 990 |
| 2022 | $46K | $118K | $1.7M | $1 | — | View 990 |
| 2021 | $473K | $125K | $1.8M | $1 | — | — |
| 2020 | $60K | $107K | $1.5M | $1 | — | View 990 |
| 2019 | $104K | $107K | $1.5M | $1 | — | View 990 |
| 2015 | $114K | $107K | $1.6M | $1 | — | View 990 |
| 2014 | $240K | $113K | $1.6M | $1 | — | View 990 |
| 2013 | $246K | $94K | $1.4M | $1 | — | View 990 |
| 2012 | $54K | $100K | $1.3M | $1 | — | View 990 |
| 2011 | $200K | $80K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $125K, and assets of $1.7M (revenue +139.6% year-over-year).
- 2022: Revenue of $46K, expenses of $118K, and assets of $1.7M (revenue -90.3% year-over-year).
- 2021: Revenue of $473K, expenses of $125K, and assets of $1.8M (revenue +690.4% year-over-year).
- 2020: Revenue of $60K, expenses of $107K, and assets of $1.5M (revenue -42.6% year-over-year).
- 2019: Revenue of $104K, expenses of $107K, and assets of $1.5M (revenue -8.3% year-over-year).
- 2015: Revenue of $114K, expenses of $107K, and assets of $1.6M (revenue -52.6% year-over-year).
- 2014: Revenue of $240K, expenses of $113K, and assets of $1.6M (revenue -2.1% year-over-year).
- 2013: Revenue of $246K, expenses of $94K, and assets of $1.4M (revenue +358.9% year-over-year).
- 2012: Revenue of $54K, expenses of $100K, and assets of $1.3M (revenue -73.2% year-over-year).
- 2011: Revenue of $200K, expenses of $80K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Mclnich Scholarship Fund:
Data Sources and Methodology
This transparency report for The Mclnich Scholarship Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.