Berson Family Supporting Foundation Inc

Analysis

Berson Family Supporting Foundation Inc is a registered charity in United States, based in Whippany, NJ. It received its IRS tax-exemption ruling in May 1988, 38 years ago. 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 June 2023, Berson Family Supporting Foundation Inc reported income of $172k and spending of $265k, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $225k to $172k (-24%), an average of -6.5% a year. The sharpest change came in the year to June 2021, when income rose by 1749%. Over the whole period it spent 250% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Berson Family Supporting Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Volunteers of America Inc ($172k), Sheboygan County Veterans Memorial ($172k) and Nikkei for Civil Rights and Redress ($172k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.