Ofm Research

Analysis

Ofm Research is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover science and technology, 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, Ofm Research reported income of $143k and spending of $116k, spending 81% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $249k to $143k (-42%), an average of -24% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ofm Research sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within WA. Charities of a similar size with the same main cause include Mockingbird Company ($143k), St Peter and Paul Heritage Association ($143k) and Betti Ono Foundation ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.