Withit Scholarship Foundation Inc

Analysis

Withit Scholarship Foundation Inc is a registered charity in United States, based in Jamestown, NC. It received its IRS tax-exemption ruling in August 1999, 27 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 December 2023, Withit Scholarship Foundation Inc reported income of $56k and spending of $51k, spending 90% of its income. Across the 2 years on record, from December 2019 to December 2023, income fell from $63k to $56k (-10%), an average of -10% a year. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Withit Scholarship Foundation Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include Amity School Childrens Aid ($56k), Coldwater Band Boosters ($56k) and Potosi Fine Arts Club ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $149k against liabilities of $0, net assets of $149k.