Nathan & Fannye Shafran Foundation

Analysis

Nathan & Fannye Shafran Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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, Nathan & Fannye Shafran Foundation reported income of $126k and spending of $11k, leaving 91% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $166k to $126k (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nathan & Fannye Shafran Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within OH. Charities of a similar size with the same main cause include Iberoamericana University Foundation ($126k), Association for Residental Care of Putnam County Incorporated ($126k) and Jenison Christian School Education ($126k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% of the total. At year end it held assets of $3.6m against liabilities of $114k, net assets of $3.5m.