Ohlone College Foundation

Analysis

Ohlone College Foundation is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in October 1991, 35 years ago. 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 June 2023, Ohlone College Foundation reported income of $568k and spending of $887k, spending 156% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.9m to $568k (-95%), an average of -52% a year. The sharpest change came in the year to June 2020, when income dropped by 90%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ohlone College Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Caroline House Inc ($567k), Virginia Foundation for Architecture Incorporated ($568k) and Margies Smile Inc ($567k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $6.9m against liabilities of $574k, net assets of $6.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.