Oliveseed Foundation

Analysis

Oliveseed Foundation is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Oliveseed Foundation reported income of $361k and spending of $314k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $192k to $361k (+88%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oliveseed Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Zionsville Education Foundation Inc ($361k), Southern California Schools Facilities Corporation ($361k) and Pflugerville Education Foundation ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $12k (3.8% of expenses). Other salaries and wages came to $50k. At year end it held assets of $79k against liabilities of $15k, net assets of $64k.