Ole Education Fund

Analysis

Ole Education Fund is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Ole Education Fund reported income of $3.9m and spending of $2.5m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.9m (+106%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 61% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Ole Education Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NM. Charities of a similar size with the same main cause include Casa of Tarrant County Inc ($3.9m), Team for West Virginia Children Inc ($3.9m) and Prolife Across America ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. At year end it held assets of $6.8m against liabilities of $283k, net assets of $6.5m.