Ekwanok Scholarship Trust Inc

Analysis

Ekwanok Scholarship Trust Inc is a registered charity in United States, based in Manchester, VT. It received its IRS tax-exemption ruling in February 1996, 30 years ago. 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, Ekwanok Scholarship Trust Inc reported income of $256k and spending of $159k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $173k to $256k (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ekwanok Scholarship Trust Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 50th percentile within VT. Charities of a similar size with the same main cause include Professional Golfers Association of America Michigan Section ($256k), Pope Memorial Library ($256k) and Little League Baseball Inc ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.