Vashon Community Scholarship Foundation

Analysis

Vashon Community Scholarship Foundation is a registered charity in United States, based in Vashon, WA. It received its IRS tax-exemption ruling in December 2013, 13 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 August 2024, Vashon Community Scholarship Foundation reported income of $319k and spending of $287k, spending 90% of its income. Across the 4 years on record, from August 2021 to August 2024, income grew from $249k to $319k (+28%), an average of +8.6% a year. The sharpest change came in the year to August 2023, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vashon Community Scholarship Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Wayne Township Education Foundation Inc ($319k), Leona Tate Foundation for Change Inc ($319k) and Rochester Academy of Medicine ($319k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. At year end it held assets of $445k against liabilities of $101k, net assets of $344k.