Ofl-Duarte Inc

Analysis

Ofl-Duarte Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in June 2020, 6 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 June 2023, Ofl-Duarte Inc reported income of $5.2m and spending of $5.1m, spending 99% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $5.2m to $5.2m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ofl-Duarte Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Delta School ($5.2m), Cornerstone Christian Academy of McLean County Inc ($5.2m) and Lancaster Public Library ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $5.7m against liabilities of $3.0m, net assets of $2.7m. It reported 73 employees.