Ohway Inc

Analysis

Ohway Inc is a registered charity in United States, based in Lowell, MI. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Ohway Inc reported income of $221k and spending of $253k, spending 114% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $221k to $221k (+0.2%), an average of +0.1% a year. The sharpest change came in the year to August 2021, when income rose by 59%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ohway Inc 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 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Force Soccer Club ($221k), Sma Inc ($221k) and Coastal Maine Aquatics ($221k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $17k (6.9% of expenses). Other salaries and wages came to $89k. At year end it held assets of $705 against liabilities of $0, net assets of $705.