Ormaco Inc

Analysis

Ormaco Inc is a registered charity in United States, based in Homerville, OH. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ormaco Inc reported income of $167k and spending of $185k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $167k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ormaco Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Bach Chorale Singers Inc ($167k), American Institute for Yemeni Studies ($167k) and Lula Washington Contemporary Dance Foundation ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 61% of the total. At year end it held assets of $220k against liabilities of $0, net assets of $220k.