Schott Memorial Center Inc

Analysis

Schott Memorial Center Inc is a registered charity in United States, based in Cooper City, FL. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2024, Schott Memorial Center Inc reported income of $1.3m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $1.3m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Schott Memorial Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Camp Haiastan of the Armenian Youth Federation Inc ($1.3m), Sanpete Community Training Center ($1.3m) and Lincoln Law School of San Jose ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 24% and program service revenue 61% of the total. Other salaries and wages came to $810k. At year end it held assets of $1.1m against liabilities of $90k, net assets of $985k. It reported 25 employees.