Olad

Analysis

Olad is a registered charity in United States, based in Manheim, PA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Olad reported income of $225k and spending of $321k, spending 143% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $332k to $225k (-32%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Olad sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Foundation of James Madison High School Inc ($225k), Calipari Foundation Inc ($225k) and Tempe Impact Educational Foundation Inc ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.