Oelc at Kennedy Qalicb

Analysis

Oelc at Kennedy Qalicb is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oelc at Kennedy Qalicb reported income of $108k and spending of $530k, spending 490% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $108k (-94%), an average of -51% a year. The sharpest change came in the year to December 2021, when income dropped by 96%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oelc at Kennedy Qalicb sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NE. Charities of a similar size with the same main cause include King-Thomas Scholarship TR ($108k), West Warren Library Association Inc ($108k) and Barat Foundation Inc ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12.7m against liabilities of $10.0m, net assets of $2.7m.

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.