Washington Scholarship Fund Inc

Analysis

Washington Scholarship Fund Inc is a registered charity in United States, based in Washington DT, CT. It received its IRS tax-exemption ruling in July 2014, 12 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, Washington Scholarship Fund Inc reported income of $237k and spending of $195k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $183k to $237k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington Scholarship Fund Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include St Edmund Campion Academy Inc ($237k), Spring Foundation ($237k) and Bridge Transcends Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.