Oconnell Organization Family Foundation Inc

Analysis

Oconnell Organization Family Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2014, 12 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 2023, Oconnell Organization Family Foundation Inc reported income of $148k and spending of $1.1m, spending 715% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $148k (-86%), an average of -39% a year. The sharpest change came in the year to December 2022, when income dropped by 84%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Oconnell Organization Family Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Ctcu Foundation ($148k), Romeo Lions Club Charities Inc ($148k) and Illinois Correctional Employees Memorial Association ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $4.8m against liabilities of $0, net assets of $4.8m.