Oars Inc

Analysis

Oars Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in December 1987, 39 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Oars Inc reported income of $545k and spending of $426k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $545k (+136%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 84% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Oars Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Cobbosseecontee Lake Association ($544k), Berkshire Environmental Action Team Inc ($545k) and The Beaver Coalition ($544k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $270k. At year end it held assets of $1.4m against liabilities of $131k, net assets of $1.2m. It reported 6 employees.