The Oaks Community Center Inc

Analysis

The Oaks Community Center Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 July 2023, The Oaks Community Center Inc reported income of $2.2m and spending of $1.8m, spending 81% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $853k to $2.2m (+163%), an average of +27% a year. The sharpest change came in the year to July 2020, when income rose by 393%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Oaks Community Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Forge Financing Ozark Rural Growth and Economy ($2.2m), Academy at Glengary Inc ($2.2m) and Custer County Foundation Inc ($2.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $306k. At year end it held assets of $6.8m against liabilities of $502k, net assets of $6.3m. It reported 6 employees.