Schield Family Brands Employee Lite Foundation Inc

Analysis

Schield Family Brands Employee Lite Foundation Inc is a registered charity in United States, based in Medford, WI. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Schield Family Brands Employee Lite Foundation Inc reported income of $114k and spending of $105k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $104k to $114k (+9.6%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Schield Family Brands Employee Lite Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within WI. Charities of a similar size with the same main cause include Temple Sinai of Roslyn Endowment Fund ($114k), Mount Horeb Community Foundation Inc ($114k) and American Friends of Yeshiva Chabad Tzfat Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.