Weslaco Scholarship Foundation

Analysis

Weslaco Scholarship Foundation is a registered charity in United States, based in Weslaco, TX. It received its IRS tax-exemption ruling in April 2012, 14 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, Weslaco Scholarship Foundation reported income of $119k and spending of $73k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $137k to $119k (-13%), an average of -13% a year. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Weslaco Scholarship Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include John Carroll Educational Foundation ($119k), Archers Council Inc ($119k) and Friends of the Joseph T Simpson Public Library ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $455k against liabilities of $0, net assets of $455k.