Owens Educational Services Inc

Analysis

Owens Educational Services Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in July 1992, 34 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, Owens Educational Services Inc reported income of $952k and spending of $859k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $952k (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 37%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Owens Educational Services Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NE. Charities of a similar size with the same main cause include Howard University Medical Alumni Association Inc ($952k), Tooba Academy Inc ($953k) and Thrive Public Schools ($952k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $429k. At year end it held assets of $902k against liabilities of $7,167, net assets of $894k. It reported 25 employees.