Eric and Kelly Schwartz Charitable Trust

Analysis

Eric and Kelly Schwartz Charitable Trust is a registered charity in United States, based in Wilson, WY. It received its IRS tax-exemption ruling in January 2016, 10 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eric and Kelly Schwartz Charitable Trust reported income of $99.7m and spending of $2.3m, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $99.7m (+5822%), an average of +177% a year. The sharpest change came in the year to December 2023, when income rose by 3118%. Over the whole period it spent 6.1% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Eric and Kelly Schwartz Charitable Trust sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within WY. Charities of a similar size with the same main cause include Robert R McCormick Foundation ($97.6m), The Dallas Foundation ($100.6m) and Greater Miami Jewish Federation ($95.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $249.2m against liabilities of $0, net assets of $249.2m.