The Overfalls Foundation Foundation

Analysis

The Overfalls Foundation Foundation is a registered charity in United States, based in Lewes, DE. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, The Overfalls Foundation Foundation reported income of $112k and spending of $150k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $112k (+7.1%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Overfalls Foundation Foundation sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 35th percentile within DE. Charities of a similar size with the same main cause include Greenfield Museum Initiative Inc ($112k), North Point Lighthouse Friends Inc ($112k) and Payam Cultural Society Incorporated ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 14% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.