Port Townsend High School Scholarship Foundation

Analysis

Port Townsend High School Scholarship Foundation is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in July 1974, 52 years ago. 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, Port Townsend High School Scholarship Foundation reported income of $56k and spending of $97k, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $94k to $56k (-41%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 176%. Over the whole period it spent 151% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Port Townsend High School Scholarship Foundation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 16th percentile within WA. Charities of a similar size with the same main cause include Shasta Wonderland Elite Athletic Team ($56k), Camp Patterson Inc ($56k) and Cbu Christian Fellowship Inc ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $572k against liabilities of $0, net assets of $572k.