David Adam Schoolman TR Under Art 4

Analysis

David Adam Schoolman TR Under Art 4 is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, David Adam Schoolman TR Under Art 4 reported income of $65k and spending of $70k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $65k (+4.6%), an average of +1.1% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, David Adam Schoolman TR Under Art 4 sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include Vashon Partners in Education a Nonprofit Corporation ($65k), Central Alabama Development Corporation ($65k) and Wapsie Manor ($65k).

Compensation of current officers, directors and key employees was $21k (30% of expenses). At year end it held assets of $918k against liabilities of $0, net assets of $918k.