Oakland Heritage Community Foundation Inc

Analysis

Oakland Heritage Community Foundation Inc is a registered charity in United States, based in Oakland, MD. It received its IRS tax-exemption ruling in October 2010, 16 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, Oakland Heritage Community Foundation Inc reported income of $80k and spending of $71k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $84k to $80k (-5.3%), an average of -1.4% a year. The sharpest change came in the year to June 2021, when income rose by 305%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oakland Heritage Community Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within MD. Charities of a similar size with the same main cause include Korean Institute of Minnesota ($80k), British-American Youth Festival Theatre Ltd ($80k) and Monroe Actors Stage Company ($80k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 40% of the total. At year end it held assets of $333k against liabilities of $33k, net assets of $300k.