Silverman Family Foundation

Analysis

Silverman Family Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Silverman Family Foundation reported income of $144k and spending of $355k, spending 246% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $116k to $144k (+24%), an average of +5.6% a year. The sharpest change came in the year to March 2020, when income rose by 71%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Silverman Family Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within AZ. Charities of a similar size with the same main cause include Promotional Products Education Foundation ($144k), United States Adult Cystic Fibrosis Association ($144k) and Shenanarts Inc ($144k).

At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m.