Olympic High School Foundation

Analysis

Olympic High School Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2014, 12 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 June 2024, Olympic High School Foundation reported income of $82k and spending of $56k, leaving 32% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $133k to $82k (-38%), an average of -9.2% a year. The sharpest change came in the year to June 2020, when income dropped by 27%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olympic High School Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include Flier Boosters Inc ($82k), Inclusion Fusion NW ($82k) and Unit No 1 Education Foundation ($82k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $260k against liabilities of $0, net assets of $260k.