Olney Central College Foundation

Analysis

Olney Central College Foundation is a registered charity in United States, based in Olney, IL. It received its IRS tax-exemption ruling in October 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Olney Central College Foundation reported income of $197k and spending of $219k, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $238k to $197k (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olney Central College Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Asian American Voices for Education Inc ($197k), Accessible Academics USA Inc ($197k) and Patriot Pride Association Inc ($197k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.