The Silverstein Foundation for Gba Research

Analysis

The Silverstein Foundation for Gba Research is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, The Silverstein Foundation for Gba Research reported income of $272k and spending of $1.6m, spending 575% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $431k to $272k (-37%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 266%. Over the whole period it spent 407% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Silverstein Foundation for Gba Research sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include East Chapel Hill Rotary Club Foundation ($272k), Northern Illinois Research Foundation ($272k) and American Friends of Machon Meir Inc ($272k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 14% of the total. At year end it held assets of $3.3m against liabilities of $19k, net assets of $3.3m.

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.