O F E Q Institute Inc

Analysis

O F E Q Institute Inc is a registered charity in United States, based in Wickliffe, OH. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2024, O F E Q Institute Inc reported income of $86k and spending of $172k, spending 200% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income fell from $98k to $86k (-12%), an average of -2.5% a year. The sharpest change came in the year to March 2021, when income rose by 158%. Over the whole period it spent 166% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, O F E Q Institute Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within OH. Charities of a similar size with the same main cause include Indeos Foundation ($86k), Baho Outreach Inc ($86k) and Like Elijah Ministry Inc ($86k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 88% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $48k (28% of expenses). Other salaries and wages came to $3,750. At year end it held assets of $82k against liabilities of $3,490, net assets of $78k. It reported 4 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.