Russell Family Foundation

Analysis

Russell Family Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 2017, 9 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 i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Russell Family Foundation reported income of $328k and spending of $311k, spending 95% of its income. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 167% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Russell Family Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Friends of Dangberg Home Ranch ($328k), Illinois Transplant Fund ($328k) and Devils Lake Area Foundation ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $6.0m against liabilities of $283k, net assets of $5.7m.