Our Foundation Inc

Analysis

Our Foundation Inc is a registered charity in United States, based in Destin, FL. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Our Foundation Inc reported income of $86k and spending of $80k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $86k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Our Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Christian Television Network of Mississippi Inc ($86k), American Friends Darchei Israel Inc ($86k) and St Georges Choral Society Since 1817 ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $6,932 against liabilities of $0, net assets of $6,932.