Onus Early Learning Center Inc

Analysis

Onus Early Learning Center Inc is a registered charity in United States, based in Kingstree, SC. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Onus Early Learning Center Inc reported income of $149k and spending of $256k, spending 172% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $311k to $149k (-52%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Onus Early Learning Center Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 52nd percentile within SC. Charities of a similar size with the same main cause include Filling the Gap NFP ($149k), Zeta Zeta Lambda Company Inc ($149k) and Straight Street Inc ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $62k against liabilities of $33k, net assets of $29k.