Online Learning Consortium Inc

Analysis

Online Learning Consortium Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Online Learning Consortium Inc reported income of $6.0m and spending of $6.7m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $6.0m (+1.2%), an average of +0.3% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Online Learning Consortium Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Quail Run Primary School Foundation ($6.0m), Ohio Council of Community Schools ($6.0m) and School of Government Services ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $588k (8.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $891k against liabilities of $1.6m, net assets of -$683k. It reported 36 employees.

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.