Oglebay Foundation Inc

Analysis

Oglebay Foundation Inc is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Oglebay Foundation Inc reported income of $6.1m and spending of $5.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $6.1m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Oglebay Foundation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within WV. Charities of a similar size with the same main cause include Solar Soccer Club ($6.1m), Bobby Jones Golf Course Foundation Inc ($6.1m) and Beach Futbol Club ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $202k (3.6% of expenses). Other salaries and wages came to $448k. At year end it held assets of $19.2m against liabilities of $3.6m, net assets of $15.6m. It reported 6 employees.