Oak Ridge Economic Partnership

Analysis

Oak Ridge Economic Partnership is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oak Ridge Economic Partnership reported income of $175k and spending of $77k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $160k to $175k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oak Ridge Economic Partnership sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within TN. Charities of a similar size with the same main cause include Institute of Notre Dame Alumnae Association ($175k), Caring Hands Inc ($175k) and Workforce Connect ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $61k. At year end it held assets of $226k against liabilities of $0, net assets of $226k.