Okizu Foundation

Analysis

Okizu Foundation is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Okizu Foundation reported income of $3.7m and spending of $1.8m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.7m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 261%. Over the whole period it spent 35% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Okizu 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 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Tekakwitha Nursing Center Inc ($3.7m), Fundamental Christian Endeavors Inc ($3.7m) and Veterans Outreach of Pennsylvania ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $176k (9.5% of expenses). Other salaries and wages came to $638k. At year end it held assets of $21.1m against liabilities of $204k, net assets of $20.9m. It reported 16 employees.