Friends of Oatland Island Inc

Analysis

Friends of Oatland Island Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Oatland Island Inc reported income of $160k and spending of $100k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $168k to $160k (-4.4%), an average of -1.5% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Oatland Island Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within GA. Charities of a similar size with the same main cause include Friends of a K Smiley Public Library ($160k), North Star Academy Foundation ($160k) and Utah Pa&np Conference Group ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $575k against liabilities of $8,129, net assets of $567k.