Sid Friedman Charitable Supporting Organization

Analysis

Sid Friedman Charitable Supporting Organization is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in September 2014, 12 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 (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sid Friedman Charitable Supporting Organization reported income of $71k and spending of $115k, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $47k to $71k (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 467%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sid Friedman Charitable Supporting Organization 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 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Gcsa New Jersey Charitable Educational and Scientific ($71k), Act3 Ministry Inc ($71k) and Hillside Charitable Organization Inc ($71k).

Compensation of current officers, directors and key employees was $24k (21% of expenses). At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.