Ontonagon Area Scholarship Foundation

Analysis

Ontonagon Area Scholarship Foundation is a registered charity in United States, based in Ontonagon, MI. It received its IRS tax-exemption ruling in August 2000, 26 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 May 2024, Ontonagon Area Scholarship Foundation reported income of $240k and spending of $44k, leaving 82% of income unspent that year. Across the 4 years on record, from May 2021 to May 2024, income grew from $214k to $240k (+12%), an average of +3.9% a year. The sharpest change came in the year to May 2024, when income rose by 447%. Over the whole period it spent 22% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ontonagon Area Scholarship Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Options in Education Inc ($240k), East Forsyth High School Broncos Football Inc ($240k) and Goose Creek Cisd Education Foundation ($240k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 18% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.