Solomon Schechter Day Schools Endowment Foundation

Analysis

Solomon Schechter Day Schools Endowment Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Solomon Schechter Day Schools Endowment Foundation reported income of $877k and spending of $248k, leaving 72% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $877k (-71%), an average of -27% a year. The sharpest change came in the year to June 2022, when income rose by 99%. Over the whole period it spent 15% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Solomon Schechter Day Schools Endowment Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include University Place Latchkey Inc ($877k), Faith Preparatory School Inc ($877k) and School Choice Ohio Inc ($877k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $8.6m against liabilities of $0, net assets of $8.6m.