Ohio Association for Career Technology Education Inc

Analysis

Ohio Association for Career Technology Education Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in October 2009, 17 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 December 2023, Ohio Association for Career Technology Education Inc reported income of $789k and spending of $756k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $919k to $789k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ohio Association for Career Technology Education Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Think Through Academy ($788k), Health and Technology Training Institute ($789k) and In Colorado Initiative for Inclusive Higher Education ($788k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $113k (15% of expenses). Other salaries and wages came to $56k. At year end it held assets of $1.9m against liabilities of $25k, net assets of $1.9m. It reported 4 employees.