Orono Foundation for Education

Analysis

Orono Foundation for Education is a registered charity in United States, based in Long Lake, MN. It received its IRS tax-exemption ruling in July 2001, 25 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, Orono Foundation for Education reported income of $672k and spending of $667k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $719k to $672k (-6.5%), an average of -1.7% a year. The sharpest change came in the year to June 2020, when income dropped by 155%. Over the whole period it spent 137% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Orono Foundation for Education sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Centro de Servicios a LA Juventud Inc ($672k), Skopos Christian School ($672k) and Think Dignity ($672k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $21k. At year end it held assets of $2.8m against liabilities of $204k, net assets of $2.6m. It reported 1 employees.