Bill Simon Memorial Scholarship Foundation

Analysis

Bill Simon Memorial Scholarship Foundation is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in July 2018, 8 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, Bill Simon Memorial Scholarship Foundation reported income of $67k and spending of $92k, spending 137% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $207k to $67k (-68%), an average of -43% a year. The sharpest change came in the year to December 2022, when income dropped by 63%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bill Simon Memorial Scholarship Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within KS. Charities of a similar size with the same main cause include Bubbler Foundation ($67k), Bill Maness Good Samaritan Scholarship Fund Inc ($67k) and Minnesota Association of Charter School Authorizers ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $329k against liabilities of $0, net assets of $329k.