Marion Wetzel Irr TR Fbo LC College Scholarship

Analysis

Marion Wetzel Irr TR Fbo LC College Scholarship is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marion Wetzel Irr TR Fbo LC College Scholarship reported income of $267k and spending of $183k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $595k to $267k (-55%), an average of -24% a year. The sharpest change came in the year to December 2023, when income rose by 284%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marion Wetzel Irr TR Fbo LC College Scholarship sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Exam Schools Partnership Initiative ($267k), Ed3 Galaxy ($267k) and Gahr Band Boosters ($266k).

Compensation of current officers, directors and key employees was $28k (15% of expenses). At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.