Old Oaks Foundation Inc

Analysis

Old Oaks Foundation Inc is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in April 1986, 40 years ago. 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 November 2023, Old Oaks Foundation Inc reported income of $392k and spending of $262k, leaving 33% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income grew from $377k to $392k (+3.9%), an average of +0.9% a year. The sharpest change came in the year to November 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Oaks Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Mercer Area Family Education and Wellness Inc ($392k), Dream Center of Forsyth County ($392k) and Fremont Union High Schools Foundation ($392k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $170k against liabilities of $0, net assets of $170k.