Westby Norse Scholarship Fund

Analysis

Westby Norse Scholarship Fund is a registered charity in United States, based in Westby, WI. It received its IRS tax-exemption ruling in April 1991, 35 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 September 2023, Westby Norse Scholarship Fund reported income of $102k and spending of $114k, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $293k to $102k (-65%), an average of -23% a year. The sharpest change came in the year to September 2020, when income dropped by 78%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Westby Norse Scholarship Fund sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within WI. Charities of a similar size with the same main cause include Agribusiness Education Foundation ($102k), Friends of the Germantown Communitylibrary Inc ($102k) and Hack Ny Inc ($102k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $1.3m against liabilities of $101k, net assets of $1.2m.