Osei Foundation-Public Charity Inc

Analysis

Osei Foundation-Public Charity Inc is a registered charity in United States, based in Germantown, MD. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Osei Foundation-Public Charity Inc reported income of $375k and spending of $334k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $43k to $375k (+763%), an average of +71% a year. The sharpest change came in the year to December 2020, when income rose by 393%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Osei Foundation-Public Charity Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Franklinton Special Improvement District of Columbus ($375k), South Carolina Equine Promotion Foundation Inc ($375k) and Fayette County Industrial Development Corporation ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Other salaries and wages came to $21k. At year end it held assets of $33k against liabilities of $2,327, net assets of $31k. It reported 4 employees.