Overton Brooks Research Corporation Inc

Analysis

Overton Brooks Research Corporation Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Overton Brooks Research Corporation Inc reported income of $264k and spending of $198k, leaving 25% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $151k to $264k (+75%), an average of +75% a year. The sharpest change came in the year to September 2023, when income rose by 75%. 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, Overton Brooks Research Corporation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within LA. Charities of a similar size with the same main cause include Piedmont Baseball Foundation ($264k), Habitat for Humanity International Inc ($264k) and The Nassau Foundation Inc ($264k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $760 (0.4% of expenses). Other salaries and wages came to $154k. At year end it held assets of $122k against liabilities of $0, net assets of $122k. It reported 6 employees.