Schowalter Foundation Inc

Analysis

Schowalter Foundation Inc is a registered charity in United States, based in North Newton, KS. It received its IRS tax-exemption ruling in September 2022, 4 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, Schowalter Foundation Inc reported income of $1.2m and spending of $1.6m, spending 140% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $2.0m to $1.2m (-42%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Schowalter Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KS. Charities of a similar size with the same main cause include Michigan Founders Fund ($1.2m), E Phil & Roberta Kirschner Affilated Fund of the Oklahoma Cit ($1.2m) and Speakup ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% of the total. Compensation of current officers, directors and key employees was $101k (6.2% of expenses). At year end it held assets of $10.4m against liabilities of $55k, net assets of $10.4m. It reported 2 employees.