Wilsons Image College Scholarship

Analysis

Wilsons Image College Scholarship is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2022, 4 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, Wilsons Image College Scholarship reported income of $60k and spending of $42k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $89k to $60k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wilsons Image College Scholarship sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within MN. Charities of a similar size with the same main cause include Oak Grove Elementary School Foundation ($60k), Wisconsin Center for Performance Excellence Inc ($60k) and Overlake Preparatory Academy ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.