Schofield Residence Inc

Analysis

Schofield Residence Inc is a registered charity in United States, based in Kenmore, NY. It received its IRS tax-exemption ruling in February 1936, 90 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Schofield Residence Inc reported income of $16.6m and spending of $17.9m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.5m to $16.6m (-5.0%), an average of -1.3% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Schofield Residence Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Easter Seals Rehabilitation Center Inc ($16.6m), Family Connections Inc ($16.6m) and Madison Valley Hospital Inc ($16.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $306k (1.7% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $15.6m against liabilities of $4.3m, net assets of $11.3m. It reported 402 employees.