Western Insurance Scholarship Foundation

Analysis

Western Insurance Scholarship Foundation is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Western Insurance Scholarship Foundation reported income of $63k and spending of $56k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $63k (+2.5%), an average of +2.5% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western Insurance Scholarship Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within MI. Charities of a similar size with the same main cause include Bear Backers ($63k), Adly Publications ($63k) and Community Preschool Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $322k against liabilities of $0, net assets of $322k.