Educare of Omaha Inc

Analysis

Educare of Omaha Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Educare of Omaha Inc reported income of $15.2m and spending of $17.0m, spending 112% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income grew from $7.3m to $15.2m (+109%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 536%. 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, Educare of Omaha Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within NE. Charities of a similar size with the same main cause include Sandia School ($15.2m), LA Salle School Inc ($15.2m) and Dallas International School ($15.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $376k (2.2% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $15.6m against liabilities of $1.1m, net assets of $14.6m. It reported 320 employees.

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.