Hidy Ochiai Foundation

Analysis

Hidy Ochiai Foundation is a registered charity in United States, based in Vestal, NY. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 August 2023, Hidy Ochiai Foundation reported income of $90k and spending of $82k, spending 91% of its income. Across the 3 years on record, from August 2019 to August 2023, income grew from $45k to $90k (+98%), an average of +41% a year. The sharpest change came in the year to August 2023, when income rose by 88%. Over the whole period it spent 126% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Hidy Ochiai Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Verbena Volunteer Fire and Rescue Department Inc ($90k), Hook and Ladder No 3 Fort Lee Fire Department ($90k) and Jackson Township Fire Dept Station 5 Inc ($90k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $7,413 against liabilities of $0, net assets of $7,413.