Beatrice M Schmitz Endowed Memorial Trust Fund

Analysis

Beatrice M Schmitz Endowed Memorial Trust Fund is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Beatrice M Schmitz Endowed Memorial Trust Fund reported income of $60k and spending of $41k, leaving 31% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $18k to $60k (+241%), an average of +36% a year. The sharpest change came in the year to April 2021, when income rose by 170%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beatrice M Schmitz Endowed Memorial Trust Fund sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within MO. Charities of a similar size with the same main cause include Sejong Scholarship Foundation of America Inc ($60k), Recovery Workshops Inc ($60k) and Friends of the Medical College of Wisconsin Inc ($60k).

Compensation of current officers, directors and key employees was $1,319 (3.2% of expenses). At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.