The Out Foundation

Analysis

The Out Foundation is a registered charity in United States, based in Davenport, FL. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, The Out Foundation reported income of $696k and spending of $702k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $326k to $696k (+113%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Out Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include United Church Manor Housing Development Fund Company Inc ($696k), Amy Adina Schulman Memorial Fund Inc ($696k) and Bexley Education Foundation ($696k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $300k. At year end it held assets of $520k against liabilities of $75k, net assets of $445k. It reported 10 employees.