Oak Street Merchants Residents and Property Owners

Analysis

Oak Street Merchants Residents and Property Owners is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in July 2014, 12 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 December 2023, Oak Street Merchants Residents and Property Owners reported income of $307k and spending of $197k, leaving 36% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $222k to $307k (+38%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oak Street Merchants Residents and Property Owners sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within LA. Charities of a similar size with the same main cause include Tunica County Community Development Coalition ($307k), Cairo Community Foundation ($307k) and East End Seaport Museum and Marine ($307k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $255k against liabilities of $2,500, net assets of $253k.