Sam E Woods Scholarship Fund

Analysis

Sam E Woods Scholarship Fund is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in July 1958, 68 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sam E Woods Scholarship Fund reported income of $106k and spending of $160k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $78k to $106k (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sam E Woods Scholarship Fund sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within MS. Charities of a similar size with the same main cause include Waxahachie Symphony Association Inc ($106k), LA Comida Guild ($106k) and Isho III Inc ($106k).

Compensation of current officers, directors and key employees was $11k (6.7% of expenses). At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.