Jack Joseph and Morton Mandel Supporting Foundation

Analysis

Jack Joseph and Morton Mandel Supporting Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 1982, 44 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, Jack Joseph and Morton Mandel Supporting Foundation reported income of $105.1m and spending of $72.3m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $142.2m to $105.1m (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2021, when income rose by 120%. Over the whole period it spent 25% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jack Joseph and Morton Mandel Supporting Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Daffy Charitable Fund ($104.4m), United Way of Greater Atlanta Inc ($106.4m) and The Community Foundation for Northeast Florida Inc ($104.3m).

At year end it held assets of $3.09bn against liabilities of $32.9m, net assets of $3.05bn.