William C Schumacher Family Foundation

Analysis

William C Schumacher Family Foundation is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, William C Schumacher Family Foundation reported income of $3.0m and spending of $4.3m, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.3m to $3.0m (-74%), an average of -28% a year. The sharpest change came in the year to December 2020, when income dropped by 78%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, William C Schumacher Family Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include The Schenectady Foundation ($3.0m), Lagrange County Community Foundation Inc ($3.0m) and Lyford Cay Foundation Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $22.4m against liabilities of $0, net assets of $22.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.