Monsignor Jerome Schmit Charitable Foundation Inc

Analysis

Monsignor Jerome Schmit Charitable Foundation Inc is a registered charity in United States, based in Sylvania, OH. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Monsignor Jerome Schmit Charitable Foundation Inc reported income of $92k and spending of $77k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $43k to $92k (+113%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 447%. Over the whole period it spent 155% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monsignor Jerome Schmit Charitable Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include Ramona Outdoor Community Center Inc ($92k), Gilroy Downtown Development Corp ($92k) and Pop Warner Little Scholars Inc ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% of the total. At year end it held assets of $448k against liabilities of $200, net assets of $447k.