Olancho Aid Foundation Inc

Analysis

Olancho Aid Foundation Inc is a registered charity in United States, based in Accord, MA. It received its IRS tax-exemption ruling in August 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2021, Olancho Aid Foundation Inc reported income of $530k and spending of $605k, spending 114% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $1.5m to $530k (-64%), an average of -40% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olancho Aid Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Crosspointe Preparatory ($530k), Sherman Library Association Inc ($530k) and Perry Initiative ($530k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $222k against liabilities of $3,926, net assets of $219k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.