Overcomer Foundation

Analysis

Overcomer Foundation is a registered charity in United States, based in Excelsior, MN. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Overcomer Foundation reported income of $482k and spending of $426k, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $262k to $482k (+84%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Overcomer Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Endtime Rescue International Church ($482k), Faithaction International House ($483k) and Association of Business Administrators of Christian Coll ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.0% of the total. Other salaries and wages came to $36k. At year end it held assets of $578k against liabilities of $2,368, net assets of $576k. It reported 4 employees.