Olney Friends School Inc

Analysis

Olney Friends School Inc is a registered charity in United States, based in Barnesville, OH. It received its IRS tax-exemption ruling in September 1955, 71 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Olney Friends School Inc reported income of $2.1m and spending of $2.2m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.3m to $2.1m (-5.8%), an average of -2.0% a year. The sharpest change came in the year to June 2021, when income dropped by 21%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olney Friends School Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Chemung Schuyler Steuben Workforce Development Inc ($2.1m), LA Jolla Historical Society ($2.1m) and YMCA Indiana County Pennsylvania ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $826k. At year end it held assets of $2.7m against liabilities of $826k, net assets of $1.9m. It reported 30 employees.

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.