Schoellkopf Health Center

Analysis

Schoellkopf Health Center is a registered charity in United States, based in Niagara Falls, NY. It received its IRS tax-exemption ruling in February 1971, 55 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Schoellkopf Health Center reported income of $13.2m and spending of $13.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.1m to $13.2m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Schoellkopf Health Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Roper St Francis Foundation ($13.2m), William B Rice Eventide Home ($13.2m) and The Association for Frontotemporal Degeneration ($13.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $201k (1.5% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $5.4m against liabilities of $4.3m, net assets of $1.1m. It reported 168 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.