Oregon for Quality Virtual Education Inc

Analysis

Oregon for Quality Virtual Education Inc is a registered charity in United States, based in Prairie City, OR. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Oregon for Quality Virtual Education Inc reported income of $10.5m and spending of $10.3m, spending 98% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $324k to $10.5m (+3148%), an average of +470% a year. The sharpest change came in the year to June 2022, when income rose by 2637%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oregon for Quality Virtual Education Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OR. Charities of a similar size with the same main cause include World Compass Academy ($10.5m), First Steps Kent ($10.5m) and Mary R Gallaspy Charitable Trust No Two ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.8m against liabilities of $3.5m, net assets of $363k.