Olivias Hope Foundation

Analysis

Olivias Hope Foundation is a registered charity in United States, based in Oyster Bay, NY. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Olivias Hope Foundation reported income of $202k and spending of $133k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $266k to $202k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Olivias Hope Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Strasburg Rescue Squad Inc C/O Strasburg Vol Rescue Squad Inc ($202k), One Yoga ($202k) and Quarter Horse Benevolment Charity Foundation ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $13k (9.8% of expenses). At year end it held assets of $404k against liabilities of $0, net assets of $404k.