Lac Courte Oreilles Ojibwe University

Analysis

Lac Courte Oreilles Ojibwe University is a registered charity in United States, based in Hayward, WI. It received its IRS tax-exemption ruling in November 1984, 42 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, Lac Courte Oreilles Ojibwe University reported income of $11.5m and spending of $9.7m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $11.5m (+107%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lac Courte Oreilles Ojibwe University sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Texas Chiropractic College Foundation Inc ($11.5m), Urban League of Philadelphia ($11.5m) and NC State University Partnership Corporation ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $326k (3.4% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $22.0m against liabilities of $3.3m, net assets of $18.7m. It reported 171 employees.