Michael and Anita Siegal Family Foundation

Analysis

Michael and Anita Siegal Family Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in October 1996, 30 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, Michael and Anita Siegal Family Foundation reported income of $114k and spending of $111k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $87k to $114k (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 1299%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Michael and Anita Siegal Family Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Canfield Rotary Association ($114k), Lyme Foundation ($114k) and B the Light ($114k).

At year end it held assets of $1.2m against liabilities of $34k, net assets of $1.2m.