Ontario Educational Communications Authority

Analysis

Ontario Educational Communications Authority is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in November 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending March 2021, Ontario Educational Communications Authority reported income of $50.7m and spending of $49.2m, spending 97% of its income. Across the 2 years on record, from March 2020 to March 2021, income grew from $44.5m to $50.7m (+14%), an average of +14% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ontario Educational Communications Authority sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile. Charities of a similar size with the same main cause include Science Academies of New York Charter Schools ($50.7m), Trilogy Inc ($50.8m) and Los Angeles Centers for Alcohol and Drug Abuse ($50.6m).

On its Form 990 for the period ending March 2021, revenue came from contributions and grants 89% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $1.3m (2.7% of expenses). Other salaries and wages came to $24.4m. It paid $230k in professional fundraising fees. At year end it held assets of $67.3m against liabilities of $42.4m, net assets of $24.8m.