Katzman Family Support Foundation

Analysis

Katzman Family Support Foundation is a registered charity in United States, based in Bloomfield Hills, MI. It received its IRS tax-exemption ruling in May 2002, 24 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 May 2023, Katzman Family Support Foundation reported income of $479k and spending of $808k, spending 169% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $521k to $479k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to May 2023, when income rose by 461%. Over the whole period it spent 923% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Katzman Family Support Foundation sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Friends of the Center of the Syrian and Lebanese Traditions ($479k), Oak Ridge Public Schools Education Foundation Inc ($480k) and M3 Insurance Foundation Inc ($479k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $387k against liabilities of $0, net assets of $387k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.