Schoenbaum Family Enrichment Center Inc

Analysis

Schoenbaum Family Enrichment Center Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Schoenbaum Family Enrichment Center Inc reported income of $781k and spending of $917k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $649k to $781k (+20%), an average of +4.8% a year. The sharpest change came in the year to September 2020, when income rose by 43%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Schoenbaum Family Enrichment Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within WV. Charities of a similar size with the same main cause include Atlantic City Day Nursery ($781k), Foster & Adoptive Parent Advocacy Center ($781k) and Alliance for GLBTQ Youth Inc ($781k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $76k (8.3% of expenses). Other salaries and wages came to $385k. At year end it held assets of $3.9m against liabilities of $17k, net assets of $3.8m. It reported 37 employees.