Sam Schmidt Foundation

Analysis

Sam Schmidt Foundation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Sam Schmidt Foundation reported income of $20.0m and spending of $1.9m, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $20.0m (+1107%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 737%. Over the whole period it spent 22% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sam Schmidt Foundation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Shannon Business Services Inc ($20.0m), Ruth and Norman Rales Jewish Family Services Inc ($20.1m) and Boston Home Inc ($20.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $248k (13% of expenses). Other salaries and wages came to $650k. At year end it held assets of $23.2m against liabilities of $616k, net assets of $22.6m. It reported 29 employees.