Joann and Thomas Adler Family Foundation

Analysis

Joann and Thomas Adler Family Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 1998, 28 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, Joann and Thomas Adler Family Foundation reported income of $145k and spending of $122k, spending 84% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $175k to $145k (-17%), an average of -6.0% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Joann and Thomas Adler Family Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within OH. Charities of a similar size with the same main cause include Sharons Bridal Fund Inc ($145k), Llano Crawfish Open Inc ($145k) and Grant School Community Foundation ($145k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $127k against liabilities of $0, net assets of $127k.