Oak Hill Development Incorporation

Analysis

Oak Hill Development Incorporation is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Oak Hill Development Incorporation reported income of $254k and spending of $194k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $254k (+165%), an average of +165% a year. The sharpest change came in the year to December 2023, when income rose by 165%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oak Hill Development Incorporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include LA Promesa Honduras Inc ($254k), A Nurses Touch Transitional Home ($255k) and Barbara Trader ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $465k against liabilities of $340k, net assets of $125k.