Schostak Family Support Foundation

Analysis

Schostak Family Support Foundation is a registered charity in United States, based in Bloomfield Hills, MI. It received its IRS tax-exemption ruling in January 1995, 31 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, Schostak Family Support Foundation reported income of $1.3m and spending of $1.4m, spending 110% of what it took in. The sharpest change came in the year to May 2022, when income rose by 1420%. Over the whole period it spent 166% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Schostak Family Support Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Students Shoulder to Shoulder ($1.3m), Northfield Shares ($1.3m) and Nebraska Cultural Endowment ($1.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.