Schmidt Community Fund

Analysis

Schmidt Community Fund is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Schmidt Community Fund reported income of $97k and spending of $111k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $134k to $97k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Schmidt Community Fund sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within MI. Charities of a similar size with the same main cause include Utica Monday Nite Corporation ($97k), National Enviornmental Health Science & Protection Accreditation ($97k) and Montgomery County Veterans Coalition ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $110k against liabilities of $0, net assets of $110k.