Our Space Inc

Analysis

Our Space Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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, Our Space Inc reported income of $1.5m and spending of $1.4m, spending 89% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.7m to $1.5m (-12%), an average of -4.0% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Space Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Pennsylvania Wounded Warriors Inc ($1.5m), Success Stories Program ($1.5m) and Houston International Seamens Center ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Other salaries and wages came to $865k. At year end it held assets of $1.3m against liabilities of $84k, net assets of $1.2m. It reported 5 employees.