Schlarman Foundation Inc

Analysis

Schlarman Foundation Inc is a registered charity in United States, based in Danville, IL. It received its IRS tax-exemption ruling in March 1975, 51 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 June 2023, Schlarman Foundation Inc reported income of $372k and spending of $273k, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $148k to $372k (+151%), an average of +36% a year. The sharpest change came in the year to June 2021, when income rose by 147%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Schlarman Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Cone Health Philanthropic Foundation ($372k), Townwide Fund of Huntington Inc ($372k) and Little Explorers Montessori School ($372k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m.