Manfred and Fern Steinfeld Family Foundation

Analysis

Manfred and Fern Steinfeld Family Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Manfred and Fern Steinfeld Family Foundation reported income of $590k and spending of $554k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11k to $590k (+5284%), an average of +171% a year. The sharpest change came in the year to June 2023, when income rose by 867328%. Over the whole period it spent 130% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Manfred and Fern Steinfeld Family Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Chaldean Sisters Daughters of Mary Immaculate Conception ($590k), International Organization for Adolescents Incorporated ($590k) and Warriors Code Inc ($590k).

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 $84k against liabilities of $3,650, net assets of $80k.