Oracle Health Foundation

Analysis

Oracle Health Foundation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Oracle Health Foundation reported income of $15.7m and spending of $6.6m, leaving 58% of income unspent that year. Across the 5 years on record, from June 2019 to December 2022, income grew from $13.4m to $15.7m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Oracle Health Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include CCF Community Initiatives Fund ($15.6m), Sonoma County Community Foundation ($15.8m) and Greater Tacoma Community Foundation ($15.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 36% of the total. Compensation of current officers, directors and key employees was $86k (1.3% of expenses). Other salaries and wages came to $719k. At year end it held assets of $32.2m against liabilities of $551k, net assets of $31.7m. It reported 2 employees.