Wellesley Scholarship Foundation Inc

Analysis

Wellesley Scholarship Foundation Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in April 1953, 73 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 June 2023, Wellesley Scholarship Foundation Inc reported income of $326k and spending of $452k, spending 139% of what it took in. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 145% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wellesley Scholarship Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Claremont Heritage Inc ($326k), Florence Crittenton Center ($326k) and Greater Hartford Consortium for Higher Education ($326k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7.3m against liabilities of $229k, net assets of $7.1m.