Five Colleges of Ohio

Analysis

Five Colleges of Ohio is a registered charity in United States, based in Oberlin, OH. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Five Colleges of Ohio reported income of $1.5m and spending of $1.6m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Five Colleges of Ohio sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include K and N Learning Centers Inc ($1.5m), Professional Association of Georgia Educators Legal Defense Inc ($1.5m) and Midland Montessori School Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $301k (19% of expenses). Other salaries and wages came to $268k. At year end it held assets of $1.7m against liabilities of $262k, net assets of $1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.