Oak Grove Development Corporation

Analysis

Oak Grove Development Corporation is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Oak Grove Development Corporation reported income of $3.6m and spending of $1,835, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $3.6m (+2469%), an average of +125% a year. The sharpest change came in the year to December 2023, when income rose by 1494%. Over the whole period it spent 2.9% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oak Grove Development Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.6m), Refuge for Women ($3.7m) and Neighborhood Housing Services of Birmingham Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $7.5m against liabilities of $1.7m, net assets of $5.8m.