B โ€” EducationEIN: 066058295ยท Ruling Year: 1959

The Litchfield Scholarship Association Inc

Litchfield, Connecticut

A-Health Score
82A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

๐Ÿ’ฐ
$824K
Total Revenue
๐Ÿ“Š
$481K
Total Expenses
๐Ÿฆ
$9.5M
Net Assets
๐Ÿ“‹
N/A
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-4.2%
Year-over-year change (2023 โ†’ 2024)
Net Margin
+41.6%
Revenue minus expenses as % of revenue

Filing History

13 filings on record
YearRevenueExpensesAssets
2024$823,838โ†“4%$480,960โ†“1%$9,509,329โ†‘9%
2023$860,389โ†‘86%$487,121โ†‘14%$8,711,044โ†‘7%
2022$463,228โ†“54%$426,893โ†‘10%$8,168,014โ†“16%
2021$1,001,934โ†‘77%$389,681โ†“1%$9,702,333โ†‘22%
2020$567,539โ†‘114%$394,941โ†“5%$7,960,924โ†“2%
2019$264,726โ†“14%$416,853โ†‘12%$8,123,118โ†‘1%
2018$306,645โ†“28%$371,442โ†“4%$8,013,136โ†‘1%
2017$423,994โ†“28%$387,089โ†‘15%$7,952,933โ†‘10%
2016$588,946โ†“8%$336,862โ†‘5%$7,207,708โ†“4%
2015$637,262โ†‘121%$321,825โ†‘3%$7,523,868
2014$287,964โ†“39%$313,801โ†‘11%$7,553,221โ†‘10%
2013$468,351โ†‘79%$282,440โ†“39%$6,892,917โ†‘7%
2012$261,958$460,235$6,419,208

Frequently Asked Questions

What does The Litchfield Scholarship Association Inc do?โ–ผ

The Litchfield Scholarship Association Inc is a education nonprofit organization based in Connecticut. It is classified under NTEE code B82Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is The Litchfield Scholarship Association Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, The Litchfield Scholarship Association Inc has a score of 82/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does The Litchfield Scholarship Association Inc generate?โ–ผ

The Litchfield Scholarship Association Inc reports $824K in annual revenue and holds $9.5M in total assets, based on IRS filings.

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The Litchfield Scholarship Association Inc โ€” Litchfield, CT | GiveScope