Mose and Garrison Siskin Memorial Foundation Inc

Analysis

Mose and Garrison Siskin Memorial Foundation Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in February 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mose and Garrison Siskin Memorial Foundation Inc reported income of $12.3m and spending of $16.0m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $12.3m (+89%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 136% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mose and Garrison Siskin Memorial Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Encore Education Corporation ($12.3m), Excellent Education Development ($12.3m) and Manlius Pebble Hill School ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $1.4m (8.7% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $53.0m against liabilities of $1.1m, net assets of $51.9m. It reported 336 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.