Lois Price-spratlen Scholarship Foundation is a 501(c)(3) organization based in Bellingham, Washington, registered in 2016, with $104,093 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$104K
▲ 86.9% vs prior year
Education median: $200K
Expenses (FY2024)
$36K
Net assets
$117K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Lois Price-spratlen Scholarship Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lois Price-spratlen Scholarship Foundation: 39 mo reserves · +66% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Lois Price-spratlen Scholarship Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lois Price-spratlen Scholarship Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $38K (FY2016) to $104K (FY2024) across 9 reported years.
Financial snapshot
Operating margin
65.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$118K
Total liabilities
$649
Net assets
$117K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $104,093▲86.9% | $35,637▼28.8% | $116,856▲1706% | $117,505▲140% | 990EZ |
| 2023 | $55,704▼13.8% | $50,038▼21.6% | $6,471▲704% | $49,049▲15.2% | 990EZ |
| 2022 | $64,627▲6.7% | $63,822▲19.9% | $805▼98.0% | $42,578▲2.1% | 990EZ |
| 2021 | $60,582▲32.3% | $53,245▲27.1% | $41,124▲21.7% | $41,712▲20.8% | 990EZ |
| 2020 | $45,790▲6.8% | $41,903▲2.7% | $33,787▲13.0% | $34,540▲15.5% | 990EZ |
| 2019 | $42,875▲9.3% | $40,805▼2.0% | $29,900▲5.2% | $29,900▲5.2% | 990EZ |
| 2018 | $39,219▼8.2% | $41,648▲23.7% | $28,430▼7.9% | $28,430▼7.9% | 990EZ |
| 2017 | $42,738▲11.7% | $33,656▲104% | $30,859▲41.7% | $30,859▲41.7% | 990EZ |
| 2016 | $38,271 | $16,495 | $21,776 | $21,776 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
1 grant to Lois Price-spratlen Scholarship Foundation totaling $6,323, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mightycause Charitable Foundation | Unrestricted | 2023 | $6,323 |
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Data for Lois Price-spratlen Scholarship Foundation (EIN 47-3965634) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.