Office Charity Foundation Corporation
EIN: 474714441 · Gaithersburg, MD · NTEE: T50
| Metric | Value |
|---|---|
| Total Revenue | $423K |
| Total Expenses | $369K |
| Net Assets | $53K |
Is Office Charity Foundation Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Office Charity Foundation Corporation
Office Charity Foundation Corporation (EIN: 474714441) is a nonprofit organization based in Gaithersburg, MD, classified under NTEE code T50. The organization reported total revenue of $423K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Office Charity Foundation Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Office Charity Foundation Corporation is a small nonprofit that has been operating for 10 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 47.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $392K |
| Total Expenses | $369K |
| Surplus / Deficit | +$23K |
| Total Assets | $53K |
| Total Liabilities | $1 |
| Net Assets | $53K |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1.7 months |
Financial Health Grade: A
In 2023, Office Charity Foundation Corporation reported a surplus of $23K with revenue exceeding expenses, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Office Charity Foundation Corporation's revenue has grown at a compound annual growth rate (CAGR) of 47.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.6% | +62.2% | +76.2% |
| 2022 | +119.7% | +129.0% | +67.4% |
| 2021 | -36.8% | -43.2% | +117.6% |
| 2020 | +109.1% | +116.9% | -19.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Office Charity Foundation Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Office Charity Foundation Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Office Charity Foundation Corporation
Is Office Charity Foundation Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Office Charity Foundation Corporation (EIN: 474714441) insufficient data. 0 red flags identified, 0 strengths noted.
How does Office Charity Foundation Corporation spend its money?
Detailed spending breakdown data is not yet available for Office Charity Foundation Corporation. Check back for updated IRS 990 analysis.
Are donations to Office Charity Foundation Corporation tax-deductible?
Office Charity Foundation Corporation is registered as a tax-exempt nonprofit (EIN: 474714441). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Office Charity Foundation Corporation located?
Office Charity Foundation Corporation is headquartered in Gaithersburg, Maryland and files with the IRS under EIN 474714441. It is classified under NTEE code T50.
How many years of IRS 990 filings does Office Charity Foundation Corporation have?
Office Charity Foundation Corporation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $423K in total revenue.
Filing History
IRS 990 filing history for Office Charity Foundation Corporation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Office Charity Foundation Corporation's revenue has grown by 374.7%, moving from $83K to $392K. Total assets increased by 415.3% over the same period, from $10K to $53K. Total functional expenses rose by 357.9%, from $81K to $369K. In its most recent filing year (2023), Office Charity Foundation Corporation reported a surplus of $23K, with revenue exceeding expenses. The organization holds $1 in liabilities against $53K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $53K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $392K | $369K | $53K | $1 | — | View 990 |
| 2022 | $240K | $227K | $30K | $1 | — | View 990 |
| 2021 | $109K | $99K | $18K | $1 | — | View 990 |
| 2020 | $173K | $175K | $8K | $1 | — | — |
| 2019 | $83K | $81K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $392K, expenses of $369K, and assets of $53K (revenue +63.6% year-over-year).
- 2022: Revenue of $240K, expenses of $227K, and assets of $30K (revenue +119.7% year-over-year).
- 2021: Revenue of $109K, expenses of $99K, and assets of $18K (revenue -36.8% year-over-year).
- 2020: Revenue of $173K, expenses of $175K, and assets of $8K (revenue +109.1% year-over-year).
- 2019: Revenue of $83K, expenses of $81K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Office Charity Foundation Corporation:
Data Sources and Methodology
This transparency report for Office Charity Foundation Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.