Scholarship Foundation of the Navy Wives Clubs of America

Analysis

Scholarship Foundation of the Navy Wives Clubs of America is a registered charity in United States, based in Millington, TN. It received its IRS tax-exemption ruling in June 1959, 67 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 August 2024, Scholarship Foundation of the Navy Wives Clubs of America reported income of $73k and spending of $46k, leaving 37% of income unspent that year. Across the 3 years on record, from August 2022 to August 2024, income grew from $64k to $73k (+13%), an average of +6.5% a year. The sharpest change came in the year to August 2024, when income rose by 283%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarship Foundation of the Navy Wives Clubs of America sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within TN. Charities of a similar size with the same main cause include Falmouth Football Boosters Club ($73k), Raleigh Park Parents and Teachers Club ($73k) and Odyssey of the Mind-Texas ($73k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 80% of the total. At year end it held assets of $330k against liabilities of $0, net assets of $330k.