Ozanam Geriatric Foundation

Analysis

Ozanam Geriatric Foundation is a registered charity in United States, based in Bayside, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 December 2023, Ozanam Geriatric Foundation reported income of $1.6m and spending of $903k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $150k to $1.6m (+978%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 780%. Over the whole period it spent 135% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ozanam Geriatric Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include University Research Foundation Inc ($1.6m), Lake Washington College Foundation ($1.6m) and Desire Community Housing Corporation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.9m against liabilities of $209k, net assets of $1.7m.