Oset Inc

Analysis

Oset Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oset Inc reported income of $3.6m and spending of $3.0m, spending 82% of its income. Across the 6 years on record, from February 2019 to December 2023, income grew from $2.4m to $3.6m (+53%), an average of +8.8% a year. The sharpest change came in the year to February 2022, when income rose by 123%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oset Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Boston Accountable Care Organization Inc ($3.6m), Hearing Health Foundation ($3.6m) and Hydrocephalus Association Incorporated ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.6% and program service revenue 93% of the total. At year end it held assets of $2.6m against liabilities of $309k, net assets of $2.3m.