Olpc Inc

Analysis

Olpc Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Olpc Inc reported income of $202k and spending of $222k, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $87k to $202k (+132%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 190%. Over the whole period it spent 154% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Olpc Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Lincoln Leadership Academy Foundation ($202k), Leadership Southeast Georgia Inc ($203k) and Oak Grove Christian Academy ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% of the total. At year end it held assets of $5.6m against liabilities of $5.7m, net assets of -$108k.

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.