Optima Foundation Inc

Analysis

Optima Foundation Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in March 2019, 7 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 June 2023, Optima Foundation Inc reported income of $3.5m and spending of $3.5m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $906k to $3.5m (+285%), an average of +57% a year. The sharpest change came in the year to June 2022, when income rose by 133%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Optima Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Collegiate Charter High School of Los Angeles ($3.5m), Colleges of the Fenway Inc ($3.5m) and Perkins School ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 92% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $3.4m against liabilities of $1.4m, net assets of $2.1m. It reported 46 employees.