Joseph J and Marie P Schedel Foundation

Analysis

Joseph J and Marie P Schedel Foundation is a registered charity in United States, based in Elmore, OH. It received its IRS tax-exemption ruling in August 1964, 62 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, Joseph J and Marie P Schedel Foundation reported income of $609k and spending of $614k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $542k to $609k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income rose by 105%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Joseph J and Marie P Schedel Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Henderson Memorial Public Library ($609k), Kalamazoo Junior Symphony Society ($609k) and McHenry House Tracy Family Shelter ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $109k (18% of expenses). Other salaries and wages came to $215k. At year end it held assets of $5.1m against liabilities of $943k, net assets of $4.1m. It reported 21 employees.