Washington Aerospace Scholarsfoundation

Analysis

Washington Aerospace Scholarsfoundation is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Washington Aerospace Scholarsfoundation reported income of $338k and spending of $369k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $609k to $338k (-44%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington Aerospace Scholarsfoundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Log Cabin Institute ($338k), Shane Townley Arts Foundation Inc ($338k) and Classic Theatre of San Antonio ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Other salaries and wages came to $103k. At year end it held assets of $449k against liabilities of $0, net assets of $449k. It reported 6 employees.