Wendell Scott Foundation Inc

Analysis

Wendell Scott Foundation Inc is a registered charity in United States, based in Danville, VA. It received its IRS tax-exemption ruling in July 2024, 2 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Wendell Scott Foundation Inc reported income of $2.8m and spending of $2.8m, spending 100% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $302k to $2.8m (+820%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 421%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wendell Scott Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Marthas Vineyard Community Foundation Inc ($2.8m), Raymond & Gertrude R Saltzman Foundation ($2.8m) and Yellow Ribbon Fund Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $43k (1.6% of expenses). Other salaries and wages came to $27k. It paid $1,800 in professional fundraising fees. At year end it held assets of $155k against liabilities of $42k, net assets of $113k.