Otto Schoitz Foundation

Analysis

Otto Schoitz Foundation is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2020, Otto Schoitz Foundation reported income of $1.7m and spending of $2.6m, spending 158% of what it took in. Across the 2 years on record, from September 2019 to September 2020, income fell from $1.9m to $1.7m (-13%), an average of -13% a year. Over the whole period it spent 162% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Otto Schoitz Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Florida Medical Insurance Corporation ($1.7m), Center for Pranic Healing Inc ($1.7m) and The Pink Agenda Inc ($1.6m).

Compensation of current officers, directors and key employees was $127k (4.9% of expenses). Other salaries and wages came to $54k. At year end it held assets of $60.1m against liabilities of $2.6m, net assets of $57.4m. It reported 2 employees.