Owens & Company

Analysis

Owens & Company is a registered charity in United States, based in Willmar, MN. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Owens & Company reported income of $1.0m and spending of $951k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $436k to $1.0m (+139%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Owens & Company sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Pregnancy Education and Resource Center ($1.0m), Forever Changed International ($1.0m) and Hubbard House Foundation Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $324k (34% of expenses). Other salaries and wages came to $252k. At year end it held assets of $215k against liabilities of $29k, net assets of $186k. It reported 12 employees.