Royal Oak Foundation Inc

Analysis

Royal Oak Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1974, 52 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Royal Oak Foundation Inc reported income of $3.2m and spending of $2.1m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.2m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Royal Oak Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Rye Art Center Inc ($3.2m), Geological Society of America Foundation ($3.2m) and American Association for Anatomy ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $320k (15% of expenses). Other salaries and wages came to $333k. At year end it held assets of $9.3m against liabilities of $761k, net assets of $8.6m. It reported 8 employees.