Oakstone Academy Palm Beach

Analysis

Oakstone Academy Palm Beach is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in September 2012, 14 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, Oakstone Academy Palm Beach reported income of $1.3m and spending of $1.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $682k to $1.3m (+93%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oakstone Academy Palm Beach sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Oregon-Unions State Worker Training and Education Fund TR ($1.3m), Albert Einstein Academy Inc ($1.3m) and Big Ideas Educational Services ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $550k against liabilities of $3,054, net assets of $547k. It reported 12 employees.