Overlook Foundation

Analysis

Overlook Foundation is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in April 1979, 47 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 (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 2023, Overlook Foundation reported income of $14.8m and spending of $13.4m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $17.0m to $14.8m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 63% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Overlook Foundation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Triad Adult and Pediatric Medicine Inc ($14.8m), Aaron E Henry Community Health ($14.8m) and Healthcare in Action Inc ($14.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $663k (5.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $128.4m against liabilities of $3.7m, net assets of $124.7m.