Raymond & Gertrude R Saltzman Foundation

Analysis

Raymond & Gertrude R Saltzman Foundation is a registered charity in United States, based in Cherry Hill, NJ. It received its IRS tax-exemption ruling in June 1978, 48 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Raymond & Gertrude R Saltzman Foundation reported income of $2.8m and spending of $4.6m, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $2.8m (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Raymond & Gertrude R Saltzman Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Wendell Scott Foundation Inc ($2.8m), The Enrichment Center an Affiliated Chapter of the Arc ($2.8m) and Marthas Vineyard Community Foundation Inc ($2.8m).

Compensation of current officers, directors and key employees was $140k (3.0% of expenses). Other salaries and wages came to $44k. At year end it held assets of $106.2m against liabilities of $1.8m, net assets of $104.4m. It reported 4 employees.