Olmsted Falls Schools Endowment and Alumni Association

Analysis

Olmsted Falls Schools Endowment and Alumni Association is a registered charity in United States, based in Olmsted Falls, OH. It received its IRS tax-exemption ruling in June 1990, 36 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 September 2023, Olmsted Falls Schools Endowment and Alumni Association reported income of $644k and spending of $103k, leaving 84% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $513k to $644k (+26%), an average of +5.9% a year. The sharpest change came in the year to September 2023, when income rose by 325%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olmsted Falls Schools Endowment and Alumni Association sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Yokefellow Ministry of Mount Airy Incorporated ($644k), Options Inc ($644k) and Osteopathic Foundation of West Michigan ($644k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 4.3% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.