Ohio Foundation of Independent Colleges Inc

Analysis

Ohio Foundation of Independent Colleges Inc is a registered charity in United States, based in Westerville, OH. It received its IRS tax-exemption ruling in March 1952, 74 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 June 2023, Ohio Foundation of Independent Colleges Inc reported income of $4.5m and spending of $4.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $4.5m (+16%), an average of +3.8% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ohio Foundation of Independent Colleges Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Miami Christian School ($4.5m), Virginia Tech Transportation Economic Development Inc ($4.5m) and Headstart Child and Family Services Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $270k (6.3% of expenses). Other salaries and wages came to $421k. At year end it held assets of $7.6m against liabilities of $364k, net assets of $7.3m. It reported 10 employees.