Ourspace World Inc

Analysis

Ourspace World Inc is a registered charity in United States, based in Bowie, MD. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Ourspace World Inc reported income of $1.5m and spending of $929k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $3,260 to $1.5m (+44945%), an average of +667% a year. The sharpest change came in the year to December 2020, when income rose by 3854%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ourspace World Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Parkinson Association of the Rockies ($1.5m), Mission of Hope ($1.5m) and Stewarts Caring Place ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $130k (14% of expenses). Other salaries and wages came to $62k. At year end it held assets of $929k against liabilities of $173k, net assets of $756k.