Wings Over America Scholarship Foundation

Analysis

Wings Over America Scholarship Foundation is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wings Over America Scholarship Foundation reported income of $489k and spending of $257k, leaving 48% of income unspent that year. Across the 5 years on record, from September 2019 to June 2023, income grew from $436k to $489k (+12%), an average of +2.9% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wings Over America Scholarship Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Macomber Center Inc ($489k), Regional Training Institute Inc ($489k) and Hope Christian School Society of Redlands California ($489k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $45k (17% of expenses). At year end it held assets of $1.4m against liabilities of $2,500, net assets of $1.4m. It reported 1 employees.