William and Ruth Scott Family Foundation Inc

Analysis

William and Ruth Scott Family Foundation Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, William and Ruth Scott Family Foundation Inc reported income of $61.2m and spending of $33.4m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $38.8m to $61.2m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, William and Ruth Scott Family Foundation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NE. Charities of a similar size with the same main cause include Community Action Partnership of North Alabama Inc ($60.9m), Federation of Jewish Communities of the C I S Inc ($61.7m) and Associated Jewish Community Federation of Baltimore Inc ($60.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $198.9m against liabilities of $225k, net assets of $198.7m.