Olympia Foundation

Analysis

Olympia Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Olympia Foundation reported income of $138k and spending of $144k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $129k to $138k (+6.9%), an average of +6.9% a year. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Olympia Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Handy House ($138k), Centennial Supportive Housing Center ($138k) and Millennium-Cudahy Inc ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $374k against liabilities of $311k, net assets of $63k.