Scha Foundation Inc

Analysis

Scha Foundation Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in April 1965, 61 years ago. 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 December 2022, Scha Foundation Inc reported income of $3.3m and spending of $3.1m, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.0m to $3.3m (+67%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scha Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Southern Nevada Operating Engineers Journeyman & Apprentice TRNG Trust ($3.3m), Council of Jewish Organizations of Flatbush Inc ($3.3m) and Young Mens Christian Association of Staunton Virginia ($3.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 80% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $149k (4.8% of expenses). Other salaries and wages came to $593k. At year end it held assets of $7.7m against liabilities of $518k, net assets of $7.1m.