Schaumburg Park Foundation

Analysis

Schaumburg Park Foundation is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in March 1982, 44 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, Schaumburg Park Foundation reported income of $55k and spending of $57k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $64k to $55k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income rose by 457%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Schaumburg Park Foundation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Islamic Education Center of Tampa Inc ($55k), The Maryland School for the Deaf Foundation Inc ($55k) and Texas Comedies ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $460k against liabilities of $456, net assets of $459k.