Welker Educational Scholarship and Loan Fund

Analysis

Welker Educational Scholarship and Loan Fund is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Welker Educational Scholarship and Loan Fund reported income of $97k and spending of $60k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $57k to $97k (+72%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 247%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Welker Educational Scholarship and Loan Fund sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within MT. Charities of a similar size with the same main cause include Witter Coin Scholarship Fund ($97k), Greystone Elementary PTO ($97k) and Powers Community Scholarship Fund ($97k).

Compensation of current officers, directors and key employees was $21k (34% of expenses). At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.