Matthew Silverman Memorial Foundation

Analysis

Matthew Silverman Memorial Foundation is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in February 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Matthew Silverman Memorial Foundation reported income of $835k and spending of $602k, leaving 28% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $1.0m to $835k (-18%), an average of -9.6% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Matthew Silverman Memorial Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Coaches for the Kids Inc ($835k), Episcopal Church Home Foundation of Western New York Inc ($836k) and Japan Icu Foundation Inc ($835k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $184k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 3 employees.