Tomorrow River Scholarship Foundation Inc

Analysis

Tomorrow River Scholarship Foundation Inc is a registered charity in United States, based in Amherst, WI. It received its IRS tax-exemption ruling in April 1995, 31 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, Tomorrow River Scholarship Foundation Inc reported income of $220k and spending of $143k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $172k to $220k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tomorrow River Scholarship Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within WI. Charities of a similar size with the same main cause include Wisconsin Coalition on Student Loan Debt Inc ($220k), Juan Domingo En Accion Inc ($220k) and Lordland College ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $6,052. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.