Saferstein Family Charitable

Analysis

Saferstein Family Charitable is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2007, 19 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Saferstein Family Charitable reported income of $2.4m and spending of $4,676, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $387 to $2.4m (+614922%), an average of +614922% a year. The sharpest change came in the year to December 2023, when income rose by 614922%. Over the whole period it spent 0.2% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Saferstein Family Charitable sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Window Ledge Foundation ($2.4m), Community Foundation of the New River Valley Inc ($2.4m) and Atlanta Womens Foundation Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $555k against liabilities of $4,701, net assets of $550k.