William J & Barbara a Schmidt Family Foundation Inc

Analysis

William J & Barbara a Schmidt Family Foundation Inc is a registered charity in United States, based in Appleton, WI. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, William J & Barbara a Schmidt Family Foundation Inc reported income of $794k and spending of $854k, spending 108% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $470k to $794k (+69%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 434%. Over the whole period it spent 120% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, William J & Barbara a Schmidt Family Foundation Inc 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 77th percentile, and in the 77th percentile within WI. Charities of a similar size with the same main cause include Sheltered Workshop of Nicholas County Inc ($794k), Resident Association of Greater Englewood ($795k) and Helzberg Entrepreneurial Mentoring Program ($793k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% of the total. At year end it held assets of $7.2m against liabilities of $196k, net assets of $7.0m.