Oliviastrong Foundation Inc

Analysis

Oliviastrong Foundation Inc is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Oliviastrong Foundation Inc reported income of $132k and spending of $249k, spending 190% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $363k to $132k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oliviastrong Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include Big O Foundation ($132k), Childrens Dream Foundation ($132k) and LA Jolla Immunology Conference ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.