Adna Scholarship Foundation

Analysis

Adna Scholarship Foundation is a registered charity in United States, based in Adna, WA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adna Scholarship Foundation reported income of $125k and spending of $79k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $48k to $125k (+159%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adna Scholarship Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 38th percentile within WA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($125k), Morgan School Fund 9525000917 ($125k) and Village Library ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $740k against liabilities of $0, net assets of $740k.