Applebaum Family Support Foundation

Analysis

Applebaum Family Support Foundation is a registered charity in United States, based in Bloomfield Hills, MI. It received its IRS tax-exemption ruling in June 1989, 37 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 May 2023, Applebaum Family Support Foundation reported income of $58k and spending of $4.3m, spending 7408% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income fell from $7.6m to $58k (-99%), an average of -99% a year. The sharpest change came in the year to May 2023, when income dropped by 99%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Applebaum Family Support Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within MI. Charities of a similar size with the same main cause include Rotary Club of Orange Park Sunrise Charities Inc ($58k), Dixon Community Trust ($58k) and Hannah Kane Charitable Foundation Inc ($58k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.