Longwood at Oakmont Inc

Analysis

Longwood at Oakmont Inc is a registered charity in United States, based in Verona, PA. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Longwood at Oakmont Inc reported income of $33.7m and spending of $32.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.3m to $33.7m (+19%), an average of +4.5% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Longwood at Oakmont Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Walker Methodist Health Center Inc ($33.6m), Focus Hope ($33.7m) and San Antonio Lighthouse for the Blind ($33.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Other salaries and wages came to $8.1m. At year end it held assets of $98.3m against liabilities of $143.5m, net assets of -$45.2m.