Oak Hill Inc

Analysis

Oak Hill Inc is a registered charity in United States, based in Ipswich, MA. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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 2024, Oak Hill Inc reported income of $737k and spending of $662k, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $615k to $737k (+20%), an average of +3.7% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oak Hill Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Madison Riverfront Development Corporation ($737k), Magnolia Ambulance Corps Incorporated ($737k) and Los Angeles Police Museum ($737k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 28% of the total. At year end it held assets of $1.1m against liabilities of $2.2m, net assets of -$1.1m.