Wasco Community Scholarship Association

Analysis

Wasco Community Scholarship Association is a registered charity in United States, based in Wasco, CA. It received its IRS tax-exemption ruling in January 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wasco Community Scholarship Association reported income of $102k and spending of $64k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $38k to $102k (+169%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 675%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wasco Community Scholarship Association sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Conference of Northern California Handweavers Inc ($102k), Coronado Village Elementary School P a T T ($102k) and Hartford Historical Society Inc ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.