Olga Loizon Memorial Foundation

Analysis

Olga Loizon Memorial Foundation is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Olga Loizon Memorial Foundation reported income of $65k and spending of $50k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $65k (+6.2%), an average of +6.2% a year. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Olga Loizon Memorial Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include Chestnut Hill Community Fund ($65k), Viet Hung Foundation Inc ($65k) and All Are Worthy ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.