Oyster Bay Charitable Fund

Analysis

Oyster Bay Charitable Fund is a registered charity in United States, based in Oyster Bay, NY. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oyster Bay Charitable Fund reported income of $396k and spending of $489k, spending 123% of what it took in. Across the 2 years on record, from December 2019 to December 2023, income grew from $116k to $396k (+241%), an average of +241% a year. The sharpest change came in the year to December 2023, when income rose by 241%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Oyster Bay Charitable Fund sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include The Bell Tower Foundation Inc ($396k), Givio Charitable Foundation ($397k) and Casa Esperanza Endowment Foundation Inc ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $241k against liabilities of $149k, net assets of $92k.