Society for the Preservation of Historic Oakwood

Analysis

Society for the Preservation of Historic Oakwood is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1975, 51 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Society for the Preservation of Historic Oakwood reported income of $147k and spending of $96k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $126k to $147k (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 490%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for the Preservation of Historic Oakwood sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Jafax Inc ($147k), West Ridge High School Band Parents Organization Inc ($147k) and Inscied Out Foundation ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $650k against liabilities of $0, net assets of $650k.