The Ojc Fund

Analysis

The Ojc Fund is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, The Ojc Fund reported income of $350.7m and spending of $343.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $65.1m to $350.7m (+438%), an average of +52% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Ojc Fund sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Colgate University Treasurers Office ($350.0m), New York Institute of Technology ($352.2m) and Prisma Health Medical Group-Midlands ($348.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.7m (0.5% of expenses). Other salaries and wages came to $84k. At year end it held assets of $54.0m against liabilities of $38k, net assets of $53.9m. It reported 13 employees.