Oak Street School Parent Teacher Organization Inc

Analysis

Oak Street School Parent Teacher Organization Inc is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, Oak Street School Parent Teacher Organization Inc reported income of $70k and spending of $85k, spending 121% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income fell from $76k to $70k (-7.4%), an average of -1.5% a year. The sharpest change came in the year to July 2022, when income rose by 82%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oak Street School Parent Teacher Organization Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include William Howard Taft Athletic Booster Club ($70k), Westonka Football Booster Club Inc ($70k) and Charles Drew Memorial Scholarship Fund Inc ($70k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 26% and program service revenue 64% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.