The or Foundation Ltd

Analysis

The or Foundation Ltd is a registered charity in United States, based in Cambridge, MD. It received its IRS tax-exemption ruling in February 2011, 15 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 2023, The or Foundation Ltd reported income of $7.9m and spending of $4.1m, leaving 48% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $270k to $7.9m (+2821%), an average of +440% a year. The sharpest change came in the year to December 2022, when income rose by 1820%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The or Foundation Ltd sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Exploration Elementary Charter School for Science and Technology ($7.9m), Summit Creek Academy ($7.9m) and Communities in Schools of Greater Tarrant County Inc ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $86k (2.1% of expenses). Other salaries and wages came to $34k. At year end it held assets of $7.9m against liabilities of $13k, net assets of $7.9m. It reported 3 employees.