Olympic View Community Foundation

Analysis

Olympic View Community Foundation is a registered charity in United States, based in Sequim, WA. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Olympic View Community Foundation reported income of $794k and spending of $158k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $88k to $794k (+806%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 1122%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Olympic View Community Foundation sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include Rema Hort Mann Foundation Inc ($793k), Elk Grove Community Foundation ($794k) and Bambi International Foundation Inc ($793k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 2.7% of the total. Other salaries and wages came to $25k. At year end it held assets of $950k against liabilities of $0, net assets of $950k. It reported 2 employees.