Montefiore Foundation

Analysis

Montefiore Foundation is a registered charity in United States, based in Beachwood, OH. It received its IRS tax-exemption ruling in January 1995, 31 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Montefiore Foundation reported income of $438k and spending of $2.9m, spending 664% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $896k to $438k (-51%), an average of -16% a year. The sharpest change came in the year to June 2022, when income rose by 152%. Over the whole period it spent 176% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Montefiore Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include CHC Realty Inc ($437k), Women 4 Change Indiana ($438k) and Beth Dillinger Foundation Incorporated ($437k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 115% of the total. At year end it held assets of $11.1m against liabilities of $319k, net assets of $10.8m.