Osap Foundation Inc

Analysis

Osap Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Osap Foundation Inc reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $398k to $1.2m (+196%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 219%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Osap Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include National Tay Sachs & Allied Diseases Association Inc ($1.2m), Commonshare Inc ($1.2m) and Coalition for Compassionate Care of California ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 64% of the total. At year end it held assets of $1.5m against liabilities of $444k, net assets of $1.0m.

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.