Nawic Founders Scholarship Foundation

Analysis

Nawic Founders Scholarship Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Nawic Founders Scholarship Foundation reported income of $490k and spending of $218k, leaving 56% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $163k to $490k (+201%), an average of +32% a year. The sharpest change came in the year to August 2023, when income rose by 153%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nawic Founders Scholarship Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include American Academy of International Culture and Education Inc ($490k), Hopewell Development and Achievement Center ($490k) and South Dakota State Medical Association Foundation ($490k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $25k (12% of expenses). At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.