Oconomowoc Area Foundation Inc

Analysis

Oconomowoc Area Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 2008, 18 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 December 2023, Oconomowoc Area Foundation Inc reported income of $960k and spending of $1.0m, spending 105% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $839k to $960k (+14%), an average of +2.7% a year. The sharpest change came in the year to December 2019, when income rose by 129%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Oconomowoc Area Foundation Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WI. Charities of a similar size with the same main cause include Latrobe Foundation Inc ($959k), Givelify Give-Com Foundation ($960k) and United Way of Tulare County ($958k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $13.5m against liabilities of $17k, net assets of $13.5m.