Schermerhorn Foundation Inc

Analysis

Schermerhorn Foundation Inc is a registered charity in United States, based in Brewster, NY. It received its IRS tax-exemption ruling in May 1968, 58 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Schermerhorn Foundation Inc reported income of $171k and spending of $203k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $114k to $171k (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 257%. Over the whole period it spent 127% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Schermerhorn Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Restorationcity ($171k), Wayne Dorsett Ministries Inc ($171k) and Gamboa Union Ministries ($171k).

Compensation of current officers, directors and key employees was $19k (9.4% of expenses). At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m.