Oscar Mike Foundation

Analysis

Oscar Mike Foundation is a registered charity in United States, based in Poplar Grove, IL. It received its IRS tax-exemption ruling in October 2018, 8 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, Oscar Mike Foundation reported income of $2.6m and spending of $1.4m, leaving 47% of income unspent that year. Across the 6 years on record, from December 2017 to December 2022, income grew from $1.4m to $2.6m (+84%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 106%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Oscar Mike Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include United Way of Charlotte County Inc ($2.6m), Community Foundation of Boone County Inc ($2.6m) and Heart of Indiana United Way Inc ($2.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 1.5% of the total. Other salaries and wages came to $93k. It paid $150k in professional fundraising fees. At year end it held assets of $3.3m against liabilities of $231k, net assets of $3.1m. It reported 3 employees.