Osborne Association Inc

Analysis

Osborne Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 1938, 88 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 June 2023, Osborne Association Inc reported income of $39.4m and spending of $37.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.7m to $39.4m (+67%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Osborne Association Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Citrus Research and Development Foundation Inc ($39.4m), San Francisco AIDS Foundation ($39.5m) and Tapestry 360 Health ($39.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $1.1m (2.9% of expenses). Other salaries and wages came to $19.5m. At year end it held assets of $36.5m against liabilities of $24.1m, net assets of $12.4m. It reported 549 employees.