Merton J and Beverly Segal Support Foundation

Analysis

Merton J and Beverly Segal Support Foundation is a registered charity in United States, based in Bloomfield Hills, MI. It received its IRS tax-exemption ruling in August 1991, 35 years ago. 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, Merton J and Beverly Segal Support Foundation reported income of $92k and spending of $86k, spending 93% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $351k to $92k (-74%), an average of -28% a year. The sharpest change came in the year to May 2022, when income rose by 498%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Merton J and Beverly Segal Support Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within MI. Charities of a similar size with the same main cause include Boy Scouts of America ($92k), Khalsa Peace Corps ($92k) and PTA California Congress of Parents Teachers & Students Inc ($92k).

At year end it held assets of $1.6m against liabilities of $125k, net assets of $1.4m.