Schmitt Woodland Hills Incorporated

Analysis

Schmitt Woodland Hills Incorporated is a registered charity in United States, based in Richland Ctr, WI. It received its IRS tax-exemption ruling in May 1968, 58 years ago. 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 December 2023, Schmitt Woodland Hills Incorporated reported income of $7.7m and spending of $7.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.4m to $7.7m (+5.1%), an average of +1.3% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Schmitt Woodland Hills Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Colorado Springs World Arena ($7.7m), Steps Inc ($7.7m) and Arizona Family Health Partnership ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 89% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $12.3m against liabilities of $8.4m, net assets of $3.9m. It reported 158 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.