Sholl-Freede Family Foundation

Analysis

Sholl-Freede Family Foundation is a registered charity in United States, based in Seal Beach, CA. It received its IRS tax-exemption ruling in December 2021, 5 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sholl-Freede Family Foundation reported income of $559k and spending of $520k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $253k to $559k (+121%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sholl-Freede Family Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Joyce Finley Foundation ($559k), Sterling Solutions ($559k) and High Tech High Foundation ($559k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $28k. At year end it held assets of $122k against liabilities of $0, net assets of $122k. It reported 1 employees.