Oclc Inc

Analysis

Oclc Inc is a registered charity in United States, based in Dublin, OH. It received its IRS tax-exemption ruling in May 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Oclc Inc reported income of $248.0m and spending of $223.6m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $236.0m to $248.0m (+5.1%), an average of +1.3% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oclc Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OH. Charities of a similar size with the same main cause include Stetson University Inc ($245.2m), Delaware State University ($250.4m) and Charter Institute at Erskine ($244.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $7.2m (3.2% of expenses). Other salaries and wages came to $102.9m. At year end it held assets of $468.9m against liabilities of $141.1m, net assets of $327.8m. It reported 971 employees.