Oak Hill Academy

Analysis

Oak Hill Academy is a registered charity in United States, based in Lincroft, NJ. It received its IRS tax-exemption ruling in July 1982, 44 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Oak Hill Academy reported income of $10.1m and spending of $9.1m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.4m to $10.1m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 29%. 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 Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Center for US Global Leadership ($10.1m), Emory Egleston CDC Employees Child Care Center Inc ($10.1m) and Columbiana County Mental Health Clinic ($10.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $747k (8.2% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $17.3m against liabilities of $3.3m, net assets of $13.9m. It reported 104 employees.