Friends of the University of Ottawa

Analysis

Friends of the University of Ottawa is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1980, 46 years ago. 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, Friends of the University of Ottawa reported income of $753k and spending of $869k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $753k (-54%), an average of -18% a year. The sharpest change came in the year to December 2023, when income rose by 237%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the University of Ottawa sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Business Consortium for Arts Supp ($753k), Organization of Chinese Americans ($753k) and Colonia First Aid Squad ($753k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $435k against liabilities of $325k, net assets of $109k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.