Owens Foundation

Analysis

Owens Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in April 1993, 33 years ago. 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 December 2023, Owens Foundation reported income of $98k and spending of $735k, spending 752% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $179k to $98k (-45%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 236% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Owens Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Ray C & Myrtle L Harley Ta ($98k), Sunnyvale Congregational Christian Church of American Samoa ($98k) and The North Allegheny Foundation ($98k).

At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.

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.