525 Ofarrell Street Corporation

Analysis

525 Ofarrell Street Corporation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. 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, 525 Ofarrell Street Corporation reported income of $246k and spending of $393k, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $246k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 146% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 525 Ofarrell Street Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Etc All American Youth Show Choir Inc ($246k), MSQ Enterprises Inc ($246k) and Exodus Projects ($246k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $19k. At year end it held assets of $1.4m against liabilities of $4.5m, net assets of -$3.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.