Northshore Memorial Scholarship Foundation

Analysis

Northshore Memorial Scholarship Foundation is a registered charity in United States, based in Woodinville, WA. It received its IRS tax-exemption ruling in February 1987, 39 years ago. 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, Northshore Memorial Scholarship Foundation reported income of $393k and spending of $458k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $393k (+64%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 107%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northshore Memorial Scholarship Foundation sits at the 65th 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 65th percentile within WA. Charities of a similar size with the same main cause include 72 Lewis Avenue Apartments Housing Development Fund Corporation ($393k), St Marys Hospital Foundation ($393k) and Stokes County Arts Council Inc ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 117% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.