Oak Woods Inc

Analysis

Oak Woods Inc is a registered charity in United States, based in Monmouth Junction, NJ. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Woods Inc reported income of $1.1m and spending of $1.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $802k to $1.1m (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oak Woods Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Lodge at Ives Hill Inc ($1.1m), Bethany Village Housing Development Fund Company Inc ($1.1m) and Kansas City Dream Center Co ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $75k (7.2% of expenses). Other salaries and wages came to $288k. At year end it held assets of $5.0m against liabilities of $100k, net assets of $4.9m. It reported 10 employees.