Paula and Jerry Gottesman Family Supporting Foundation Inc

Analysis

Paula and Jerry Gottesman Family Supporting Foundation Inc is a registered charity in United States, based in Whippany, NJ. It received its IRS tax-exemption ruling in September 1990, 36 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, Paula and Jerry Gottesman Family Supporting Foundation Inc reported income of $834k and spending of $9.9m, spending 1187% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.8m to $834k (-83%), an average of -36% a year. The sharpest change came in the year to June 2021, when income rose by 217%. Over the whole period it spent 230% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paula and Jerry Gottesman Family Supporting Foundation Inc 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 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Safety Council of East Texas Inc ($834k), Nordic Ski Club of Fairbanks- Alaska ($834k) and United Way of Laurens County Inc ($834k).

At year end it held assets of $60.6m against liabilities of $29.8m, net assets of $30.8m.