Michael and Henrietta Olupona Foundation

Analysis

Michael and Henrietta Olupona Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Michael and Henrietta Olupona Foundation reported income of $117k and spending of $137k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $165k to $117k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michael and Henrietta Olupona Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Elkhorn Area High School All Sports Booster Club Inc ($117k), Trinity Classical Christian Academy ($117k) and Teacher Resource Center of the North Bay ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.