Aauw Wilmington Delaware Scholarship & Memorial

Analysis

Aauw Wilmington Delaware Scholarship & Memorial is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in September 1962, 64 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 June 2023, Aauw Wilmington Delaware Scholarship & Memorial reported income of $89k and spending of $110k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $77k to $89k (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aauw Wilmington Delaware Scholarship & Memorial sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 30th percentile within DE. Charities of a similar size with the same main cause include University of Missouri at St Louis Alumni Association ($89k), Homeschool Idaho Inc ($89k) and Library Foundation of Buffalo and Erie County Inc ($89k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $1.1m against liabilities of $100k, net assets of $1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.