Walpole Scholarship Foundation Inc

Analysis

Walpole Scholarship Foundation Inc is a registered charity in United States, based in Walpole, MA. It received its IRS tax-exemption ruling in November 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Walpole Scholarship Foundation Inc reported income of $96k and spending of $261k, spending 271% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $214k to $96k (-55%), an average of -18% a year. The sharpest change came in the year to December 2020, when income rose by 711%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Walpole Scholarship Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Los Angeles Breakfast Club Foundation ($96k), Tucson Historic Preservation Foundation Inc ($96k) and Friends of the Ihp ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m.