Spencer Wilson Scholarship Foundation Inc

Analysis

Spencer Wilson Scholarship Foundation Inc is a registered charity in United States, based in Glenwood, MD. It received its IRS tax-exemption ruling in September 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, Spencer Wilson Scholarship Foundation Inc reported income of $381k and spending of $113k, leaving 70% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $116k to $381k (+228%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spencer Wilson Scholarship Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include Chesterton Academy of Buffalo ($381k), Little Wings Christian Learning Center Inc ($381k) and Flour Bluff Athletic Booster Club ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $504k against liabilities of $0, net assets of $504k.