The Schubert Club

Analysis

The Schubert Club is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 1945, 81 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, The Schubert Club reported income of $3.9m and spending of $2.7m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $3.9m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 90%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Schubert Club sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include The Rosenbach of the Free Library of Philadelphia ($3.9m), News Revenue Hub Inc ($3.9m) and Institute of Women and Ethnic Studies ($3.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $271k (9.9% of expenses). Other salaries and wages came to $694k. At year end it held assets of $27.4m against liabilities of $806k, net assets of $26.6m. It reported 32 employees.