Great Oaks Foundation Inc

Analysis

Great Oaks Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. 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, Great Oaks Foundation Inc reported income of $8.3m and spending of $8.7m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.7m to $8.3m (-5.0%), an average of -1.3% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Great Oaks Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include All Care Resources Inc ($8.3m), Gerontological Society of America ($8.3m) and Evolve502 Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $895k (10% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $3.5m against liabilities of $2.5m, net assets of $1.0m. It reported 53 employees.