The Schott Foundation for Public Education

Analysis

The Schott Foundation for Public Education is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in June 1999, 27 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 June 2023, The Schott Foundation for Public Education reported income of $4.0m and spending of $7.2m, spending 178% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $4.0m (+63%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 190%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Schott Foundation for Public Education sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Good Shepherd Nativity Mission School Inc ($4.0m), Wire Hollow Education Innovation ($4.0m) and Montessori Childrens Room ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $1.1m (15% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $20.4m against liabilities of $1.0m, net assets of $19.4m. It reported 22 employees.