Arlene and Steven I Victor Support Foundation

Analysis

Arlene and Steven I Victor Support Foundation is a registered charity in United States, based in Bloomfield Hills, MI. It received its IRS tax-exemption ruling in August 2000, 26 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, Arlene and Steven I Victor Support Foundation reported income of $1.3m and spending of $185k, leaving 86% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $43k to $1.3m (+3026%), an average of +136% a year. The sharpest change came in the year to May 2020, when income rose by 4573%. Over the whole period it spent 20% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Arlene and Steven I Victor 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 Direction Home Akron Canton Foundation ($1.3m), United Way of Northwest Florida ($1.3m) and Charlotte Hornets Foundation Inc ($1.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.