Passes our checks

Washington State Opportunity Scholarship Foundation

EIN 93-3293868 · Seattle, WA

Public records show a registered, tax-exempt organization in good standing.

What it says it does

TRANSFORM WASHINGTON STATE BY BUILDING PATHWAYS TO HIGH-DEMAND JOBS THAT STRENGTHEN OUR COMMUNITIES AND ECONOMY.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Weak: 46 out of 100. Higher than 24% of charities in its peer group (education, $1m to $10m).

Reserves
4 of 35
Spendable reserves would cover 0.0 months of spending.
Debt
20 of 20
It owes 0% of what it owns.
Living within its means
0 of 15
Spending exceeded income by 100% of income.
Spending floor
15 of 15
85% of spending went to programs and raising each dollar of donations cost 10 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Strong: 93 out of 100. Higher than 63% of charities in its peer group (education, $1m to $10m).

Independent board
18 of 25
4 of 4 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
8 of 8
Has a written whistleblower policy.
Record keeping policy
7 of 7
Has a written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Pay set independently
5 of 5
Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15
Its accounts were audited by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$14.4 million spent. WASHINGTON STATE OPPORTUNITY SCHOLARSHIP FOUNDATION (FOUNDATION) BEGAN OPERATIONS IN 2024 TO SERVE AS THE PROGRAM ADMINISTRATOR FOR THE WASHINGTON STATE OPPORTUNITY SCHOLARSHIP PROGRAM (PROGRAM) BY PROVIDING FINANCE, TECHNOLOGY, AND HUMAN RESOURCE SERVICES. THE WSOS PROGRAM IS THE FIRST PUBLIC-PRIVATE SCHOLARSHIP PROGRAM DEDICATED TO BUILDING LASTING PATHWAYS TO POST-SECONDARY EDUCATION AND HIGH-DEMAND HEALTH CARE, STEM, AND TRADE CAREERS FOR ALL WASHINGTON STUDENTS. WE ACCELERATE EQUITABLE CHANGE FOR HISTORICALLY EXCLUDED STUDENTS AND INCREASE THE LOCAL TALENT POOL FOR WASHINGTON BUSINESSES. SEE SCHEDULE O.IN THE ACADEMIC YEAR 24-25, WE SERVED OVER 5,600 SCHOLARSHIPS STATEWIDE INCLUDING SCHOLAR REPRESENTATION ACROSS EVERY LEGISLATIVE DISTRICT AND COUNTY IN THE STATE. TO DATE, THE WSOS PROGRAM HAS OVER 12,500 GRADUATES WORKING IN HIGH-DEMAND FIELDS LIKE HEALTHCARE, ENGINEERING, AND TRADES.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.