Joseph L Wolcott Scholarship Fund

Analysis

Joseph L Wolcott Scholarship Fund is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in April 1962, 64 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Joseph L Wolcott Scholarship Fund reported income of $279k and spending of $245k, spending 88% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $210k to $279k (+33%), an average of +7.4% a year. The sharpest change came in the year to April 2023, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Joseph L Wolcott Scholarship Fund sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Birmingham Athletic Partnership ($279k), Derry Area School District Foundation Inc ($279k) and Eagle Athletics Booster Club Inc ($279k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $6,701 (2.7% of expenses). Other salaries and wages came to $36k. At year end it held assets of $1.4m against liabilities of $474, net assets of $1.4m. It reported 1 employees.