Osterman Community Foundation

Analysis

Osterman Community Foundation is a registered charity in United States, based in Cheshire, CT. It received its IRS tax-exemption ruling in November 2005, 21 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 (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, Osterman Community Foundation reported income of $179k and spending of $142k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $274k to $179k (-35%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 48%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Osterman Community Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within CT. Charities of a similar size with the same main cause include Sagerstrong Foundation ($179k), Ephraim Foundation Heritage Fund Inc ($179k) and Design Inspirations ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $460k against liabilities of $2,106, net assets of $458k. It reported 12 employees.