Silver Oak Academy

Analysis

Silver Oak Academy is a registered charity in United States, based in Keymar, MD. It received its IRS tax-exemption ruling in October 2025. 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 2021, Silver Oak Academy reported income of $2.0m and spending of $2.0m, spending 102% of its income. Across the 3 years on record, from June 2019 to June 2021, income grew from $1.7m to $2.0m (+17%), an average of +8.0% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Silver Oak Academy sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Lakeland Montessori Schoolhouse Inc ($2.0m), Ea Young Academy ($2.0m) and Arts Every Day Inc ($2.0m).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $924k. At year end it held assets of $320k against liabilities of $1.1m, net assets of -$821k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.