Lucy Yao Ohara Charitable Foundation

Analysis

Lucy Yao Ohara Charitable Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lucy Yao Ohara Charitable Foundation reported income of $53k and spending of $7,413, leaving 86% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $153k to $53k (-65%), an average of -65% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 7.3% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lucy Yao Ohara Charitable Foundation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NV. Charities of a similar size with the same main cause include American Association of Northwest Business ($53k), Ready Rides ($53k) and Horseplay Therapeutic Riding Center ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $265k against liabilities of $1,500, net assets of $263k.