Winchester Scholarship Foundation

Analysis

Winchester Scholarship Foundation is a registered charity in United States, based in Winchester, MA. It received its IRS tax-exemption ruling in August 1947, 79 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Winchester Scholarship Foundation reported income of $885k and spending of $484k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $647k to $885k (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Winchester Scholarship Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include The Reading Foundation ($885k), Nova Academy Childrens Foundation Inc ($885k) and Medina Parent Teacher Association ($885k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $13.4m against liabilities of $6,000, net assets of $13.4m.