Meisel & Pesses Family Foundation

Analysis

Meisel & Pesses Family Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1998, 28 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, Meisel & Pesses Family Foundation reported income of $3.0m and spending of $1.2m, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $532k to $3.0m (+462%), an average of +54% a year. The sharpest change came in the year to June 2020, when income rose by 3024%. Over the whole period it spent 17% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Meisel & Pesses Family Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Emeril Lagasse Foundation ($3.0m), Arnold & Winnie Palmer Foundation Inc ($3.0m) and Howard Fund ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $19.7m against liabilities of $1.5m, net assets of $18.1m.