Objective-See Foundation Inc

Analysis

Objective-See Foundation Inc is a registered charity in United States, based in Kula, HI. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Objective-See Foundation Inc reported income of $593k and spending of $474k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $408k to $593k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Objective-See Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within HI. Charities of a similar size with the same main cause include Soldier Strong Inc ($593k), Dyslexia Alliance for Black Children ($593k) and Springfield Centers for Dyslexia and Learning ($593k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $220k (46% of expenses). Other salaries and wages came to $17k. At year end it held assets of $165k against liabilities of $0, net assets of $165k.