Scholarship Fund for Rainier Scholars

Analysis

Scholarship Fund for Rainier Scholars is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 2013, 13 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, Scholarship Fund for Rainier Scholars reported income of $312k and spending of $29k, leaving 91% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $302k to $312k (+3.6%), an average of +1.2% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarship Fund for Rainier Scholars 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 62nd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Parent Alliance for Students with Exceptional Needs ($312k), Onetl Inc ($313k) and Ashbury Community Services Inc ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $8.4m against liabilities of $0, net assets of $8.4m.