WG 1998 Scholarship Foundation

Analysis

WG 1998 Scholarship Foundation is a registered charity in United States, based in Camillus, NY. 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, WG 1998 Scholarship Foundation reported income of $54k and spending of $10k, leaving 81% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $54k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 16% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, WG 1998 Scholarship Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Gateway Global Foundation ($54k), Columbia Electrical Council ($54k) and Earth Codes Observatory Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $172k against liabilities of $0, net assets of $172k.