The Meg and Bennett Goodman Family Foundation

Analysis

The Meg and Bennett Goodman Family Foundation is a registered charity in United States, based in Jenkintown, PA. It received its IRS tax-exemption ruling in July 2000, 26 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, The Meg and Bennett Goodman Family Foundation reported income of $2.0m and spending of $30.6m, spending 1535% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.8m to $2.0m (-82%), an average of -34% a year. The sharpest change came in the year to June 2023, when income dropped by 69%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Meg and Bennett Goodman Family Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Positive Tracks Inc ($2.0m), Bay Area Lyme Foundation ($2.0m) and Sandsar Inc ($2.0m).

At year end it held assets of $69.8m against liabilities of $25.4m, net assets of $44.4m.