Washington Media Scholars Foundation

Analysis

Washington Media Scholars Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Media Scholars Foundation reported income of $348k and spending of $337k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $284k to $348k (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Washington Media Scholars Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include In His Loving Embrace Inc ($348k), St Patrick Homes Inc ($348k) and Regional Engagement Center ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $60k. At year end it held assets of $132k against liabilities of $7,065, net assets of $125k. It reported 1 employees.