Osa Foundation Inc

Analysis

Osa Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2002, 24 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Osa Foundation Inc reported income of $8.7m and spending of $3.1m, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $8.7m (+242%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 32% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Osa Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 86th percentile within DC. Charities of a similar size with the same main cause include Mercy Health Corporation ($8.7m), Lensic Performing Arts Center Corporation ($8.7m) and Propel Nonprofits ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 1.9% of the total. At year end it held assets of $39.0m against liabilities of $91k, net assets of $38.9m.