Robert S and Sylvia K Reitman Family Foundation

Analysis

Robert S and Sylvia K Reitman Family Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1997, 29 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, Robert S and Sylvia K Reitman Family Foundation reported income of $116k and spending of $176k, spending 151% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $194k to $116k (-40%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 43%. Over the whole period it spent 120% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Robert S and Sylvia K Reitman Family Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include TC Open Charitable Foundation ($116k), Foundation of Ventura County Credit Union ($116k) and Mawaka Foundation Inc ($116k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $646k against liabilities of $416k, net assets of $230k.

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.