Ofs Holdings Inc

Analysis

Ofs Holdings Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Ofs Holdings Inc reported income of $516k and spending of $94k, leaving 82% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $37k to $516k (+1285%), an average of +93% a year. The sharpest change came in the year to September 2023, when income rose by 204%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ofs Holdings Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within WI. Charities of a similar size with the same main cause include SBC Community Development Corporation of Richmond Heights ($515k), Conway Center for Family Business ($516k) and North Buffalo Organization Inc ($515k).

At year end it held assets of $4.1m against liabilities of $3.9m, net assets of $261k.