Scholarship Foundation of Wadsworht Inc

Analysis

Scholarship Foundation of Wadsworht Inc is a registered charity in United States, based in Wadsworth, OH. It received its IRS tax-exemption ruling in September 1991, 35 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, Scholarship Foundation of Wadsworht Inc reported income of $89k and spending of $76k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $891k to $89k (-90%), an average of -90% a year. The sharpest change came in the year to December 2023, when income dropped by 90%. Over the whole period it spent 13% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scholarship Foundation of Wadsworht Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within OH. Charities of a similar size with the same main cause include Gateway Festival Orchestra of St Louis ($89k), Golden State Chapter Cmaa Inc Foundation ($89k) and Frederic Chopin Society Inc ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $1.1m against liabilities of $3,000, net assets of $1.1m.