The Oaks at Bartlett

Analysis

The Oaks at Bartlett is a registered charity in United States, based in Bartlett, IL. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, The Oaks at Bartlett reported income of $17.9m and spending of $24.4m, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.9m to $17.9m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to June 2021, when income dropped by 32%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Oaks at Bartlett sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Cedar Falls Lutheran Home ($17.8m), Settlement Housing Fund Inc ($17.9m) and Mercy Housing Calwest ($17.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $215k (0.9% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $24.1m against liabilities of $108.5m, net assets of -$84.5m. It reported 362 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.