Ossabaw Island Foundation Inc

Analysis

Ossabaw Island Foundation Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in May 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Ossabaw Island Foundation Inc reported income of $412k and spending of $393k, spending 96% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $264k to $412k (+56%), an average of +12% a year. The sharpest change came in the year to July 2022, when income rose by 94%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ossabaw Island Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include Dushore Fire Company No One ($412k), Philadelphia Area Cooperative Alliance ($412k) and The Hale Fund ($412k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 34% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $86k (22% of expenses). Other salaries and wages came to $67k. At year end it held assets of $1.3m against liabilities of $38k, net assets of $1.3m. It reported 3 employees.