Ohio Restaurant Association Education Foundation Inc

Analysis

Ohio Restaurant Association Education Foundation Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ohio Restaurant Association Education Foundation Inc reported income of $481k and spending of $403k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $344k to $481k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2020, when income rose by 126%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ohio Restaurant Association Education Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Institute for the Quantitative Study of Inclusion Diversity and ($481k), Latinolead Inc ($481k) and E G Fisher Public Library ($481k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $94k (23% of expenses). Other salaries and wages came to $117k. At year end it held assets of $1.1m against liabilities of $264k, net assets of $810k. It reported 4 employees.