Wheatley Scholarship Fund Inc

Analysis

Wheatley Scholarship Fund Inc is a registered charity in United States, based in East Williston, NY. It received its IRS tax-exemption ruling in October 1960, 66 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, Wheatley Scholarship Fund Inc reported income of $79k and spending of $4,700, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $4,630 to $79k (+1599%), an average of +1599% a year. The sharpest change came in the year to December 2023, when income rose by 1599%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wheatley Scholarship Fund Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Lincoln Boyhood Drama Association Inc ($79k), Life Ministries Inc ($79k) and Air Commando Foundation Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.