Schip Inc

Analysis

Schip Inc is a registered charity in United States, based in Shelburne, VT. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Schip Inc reported income of $585k and spending of $521k, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $261k to $585k (+124%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Schip Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within VT. Charities of a similar size with the same main cause include New Mexico Boys and Girls Ranch Foundation Inc ($585k), Son-Shine Outreach Center Inc ($585k) and 1 Archangel Service Inc ($585k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $74k. At year end it held assets of $472k against liabilities of $3,489, net assets of $469k. It reported 15 employees.