The Oley Foundation Inc

Analysis

The Oley Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in June 1984, 42 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Oley Foundation Inc reported income of $808k and spending of $790k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $957k to $808k (-16%), an average of -4.2% a year. The sharpest change came in the year to September 2020, when income dropped by 29%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Oley Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Educational Opportunity Association Inc ($808k), Louisiana 4-H Foundation ($808k) and Yukon-Kuskokwim Delta Tribal Broadband Consortium ($808k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 71% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $114k (14% of expenses). Other salaries and wages came to $275k. At year end it held assets of $2.3m against liabilities of $54k, net assets of $2.3m. It reported 7 employees.