103rd Ovi Memorial Foundation

Analysis

103rd Ovi Memorial Foundation is a registered charity in United States, based in Sheffield Lake, OH. It received its IRS tax-exemption ruling in August 1971, 55 years ago. 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 July 2024, 103rd Ovi Memorial Foundation reported income of $173k and spending of $114k, leaving 34% of income unspent that year. Across the 2 years on record, from July 2023 to July 2024, income fell from $449k to $173k (-61%), an average of -62% a year. The sharpest change came in the year to July 2024, when income dropped by 61%. Over the whole period it spent 32% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 103rd Ovi Memorial Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Miracle Missionary Outreach Association Inc ($173k), Little League Baseball Inc ($173k) and Tops Gymnastics Boosters ($173k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 57% and program service revenue 3.2% of the total. At year end it held assets of $764k against liabilities of $6,900, net assets of $757k.