Sobel Family Supporting Foundation Inc

Analysis

Sobel Family Supporting Foundation Inc is a registered charity in United States, based in Whippany, NJ. It received its IRS tax-exemption ruling in February 2000, 26 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 June 2023, Sobel Family Supporting Foundation Inc reported income of $418k and spending of $413k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $51k to $418k (+725%), an average of +70% a year. The sharpest change came in the year to June 2021, when income rose by 823%. Over the whole period it spent 140% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sobel Family Supporting Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Pa Professional Firefighters Association Charitable Foundation ($418k), Appropriate Place Inc ($419k) and American Friends of Yeshiva Das Torah ($418k).

At year end it held assets of $10.9m against liabilities of $0, net assets of $10.9m.