Tamar and Jonathan Koschitzky Family Foundation

Analysis

Tamar and Jonathan Koschitzky Family Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2003, 23 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, Tamar and Jonathan Koschitzky Family Foundation reported income of $1.8m and spending of $1.1m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.8m (+75%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 75%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tamar and Jonathan Koschitzky Family Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Friends Of@duvdevan ($1.8m), Apace Foundation ($1.8m) and Shenandoah Community Foundation Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $16.5m against liabilities of $204k, net assets of $16.3m.