Northwest Ohio Construction Education Center

Analysis

Northwest Ohio Construction Education Center is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Northwest Ohio Construction Education Center reported income of $230k and spending of $241k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $489k to $230k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 51%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northwest Ohio Construction Education Center sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Boost Pad Inc ($230k), 1berkshire Strategic Alliance Foundation Inc ($230k) and Requity Foundation Inc ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $76k. At year end it held assets of $1.6m against liabilities of $15k, net assets of $1.6m. It reported 17 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.