Worthy Johnson Scholarship Trust Inc

Analysis

Worthy Johnson Scholarship Trust Inc is a registered charity in United States, based in Southport, CT. It received its IRS tax-exemption ruling in January 1999, 27 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 December 2023, Worthy Johnson Scholarship Trust Inc reported income of $128k and spending of $156k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $128k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Worthy Johnson Scholarship Trust Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within CT. Charities of a similar size with the same main cause include Artplace Mississippi Inc ($128k), Cong Square Mosdos Inc ($128k) and Parent Booster USA Inc ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $945k against liabilities of $0, net assets of $945k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.