Virginia M Olson Foundation

Analysis

Virginia M Olson Foundation is a registered charity in United States, based in Clinton, LA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Virginia M Olson Foundation reported income of $103k and spending of $53k, leaving 49% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $242k to $103k (-57%), an average of -25% a year. The sharpest change came in the year to December 2023, when income rose by 162%. Over the whole period it spent 14% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Virginia M Olson Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within LA. Charities of a similar size with the same main cause include Freshman Fresh Start Inc ($103k), Meals for Good Inc ($103k) and Community of Faith Foundation Inc ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $628k against liabilities of $0, net assets of $628k.