Receptions for Research - the Greg Olsen Foundation Inc

Analysis

Receptions for Research - the Greg Olsen Foundation Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Receptions for Research - the Greg Olsen Foundation Inc reported income of $1.5m and spending of $2.7m, spending 187% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $663k to $1.5m (+120%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Receptions for Research - the Greg Olsen Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include New Holland Ambulance Assoc ($1.5m), Dalton-Whitfield Additional TR ($1.5m) and Center of Restoration Inc Now Known As Depriest Center ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 122% of the total. Compensation of current officers, directors and key employees was $156k (5.7% of expenses). At year end it held assets of $801k against liabilities of $2.2m, net assets of -$1.4m. It reported 2 employees.