The Etowah Scholarship Foundation Inc

Analysis

The Etowah Scholarship Foundation Inc is a registered charity in United States, based in Cartersville, GA. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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 2022, The Etowah Scholarship Foundation Inc reported income of $567k and spending of $478k, spending 84% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $331k to $567k (+72%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Etowah Scholarship Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Haddam Volunteer Ambulance Service Inc ($567k), Court Appointed Special Advocates of North Texas ($567k) and Leadership Palm Beach County Inc ($567k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $57k (12% of expenses). Other salaries and wages came to $73k. At year end it held assets of $2.9m against liabilities of $2,269, net assets of $2.9m. It reported 5 employees.