Simon Family Foundation

Analysis

Simon Family Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Simon Family Foundation reported income of $466k and spending of $459k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $466k (-65%), an average of -23% a year. The sharpest change came in the year to June 2021, when income rose by 233%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Simon Family Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Academics in Motion Inc ($465k), Phi Community Foundation ($466k) and Lake Area United Way Inc ($465k).

At year end it held assets of $9.2m against liabilities of $171k, net assets of $9.0m.