Ohio Educare Inc

Analysis

Ohio Educare Inc is a registered charity in United States, based in Sugarcreek, OH. It received its IRS tax-exemption ruling in August 2022, 4 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 2024, Ohio Educare Inc reported income of $1.1m and spending of $173k, leaving 85% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $247k to $1.1m (+362%), an average of +362% a year. The sharpest change came in the year to June 2024, when income rose by 362%. Over the whole period it spent 14% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ohio Educare Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Hijas de Maria Auxiliadora Inc ($1.1m), Immaculata Classical Academy Inc ($1.1m) and Hillsdale Christian School Corporation ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.