Oweesta Corporation

Analysis

Oweesta Corporation is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Oweesta Corporation reported income of $16.4m and spending of $12.3m, leaving 25% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $8.3m to $16.4m (+97%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 209%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oweesta Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Vail Valley Foundation Inc ($16.3m), Careersource Florida Inc ($16.5m) and Community Action Program Commission of the Lancaster-Fairfield County ($16.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $503k (4.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $98.9m against liabilities of $71.8m, net assets of $27.2m. It reported 19 employees.