Great Oak School

Analysis

Great Oak School is a registered charity in United States, based in Tomball, TX. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Great Oak School reported income of $1.7m and spending of $1.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.7m (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Oak School sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Hky Kol Yaakab Inc ($1.7m), Lubbock Christian University Foundation ($1.7m) and The Educational Foundation of the University of South Carolina Lanca ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $132k (8.4% of expenses). Other salaries and wages came to $635k. At year end it held assets of $1.7m against liabilities of $772k, net assets of $902k. It reported 30 employees.