Olmstrong Foundation Inc

Analysis

Olmstrong Foundation Inc is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in July 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, Olmstrong Foundation Inc reported income of $2.8m and spending of $874k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $1.3m to $2.8m (+121%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 236%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olmstrong Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Grantmakers for Education ($2.8m), Oklahoma Educational Technology TR ($2.8m) and The Boston Consortium for Higher Education Inc ($2.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.