Ole Health Foundation

Analysis

Ole Health Foundation is a registered charity in United States, based in Napa, CA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Ole Health Foundation reported income of $3.2m and spending of $2.0m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $3.2m (+128%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ole Health Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Strategic Global Assistance Inc ($3.2m), Patrick Henry Community College Educational Foundation Inc ($3.2m) and United Way of the Cape Fear Area Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $86k (4.2% of expenses). Other salaries and wages came to $183k. At year end it held assets of $6.5m against liabilities of $738k, net assets of $5.7m. It reported 3 employees.