Olana Partnership

Analysis

Olana Partnership is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Olana Partnership reported income of $5.4m and spending of $2.4m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $5.4m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Olana Partnership sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Brighter Future Employment Services ($5.4m), The Kiwanis Club of Carefree Benefit Foundation Inc ($5.4m) and Tempe Community Action Agency Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $179k (7.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $13.9m against liabilities of $206k, net assets of $13.7m. It reported 50 employees.