Jennie Goas Silverman Foundation Inc

Analysis

Jennie Goas Silverman Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jennie Goas Silverman Foundation Inc reported income of $58k and spending of $55k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $69k to $58k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jennie Goas Silverman Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within IL. Charities of a similar size with the same main cause include Staten Island Region-Antique Auto Club of America ($58k), Bloomfield Township Fire Department Charities Inc ($58k) and Harbor Hills Ladies Charity ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $164k against liabilities of $0, net assets of $164k.