405 Oak Street Center Inc

Analysis

405 Oak Street Center Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 1949, 77 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 405 Oak Street Center Inc reported income of $284k and spending of $98k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $88k to $284k (+222%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 109%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 405 Oak Street Center Inc 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 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($284k), Sacred Heart Cathedral Foundation Inc ($284k) and Storeydreams Foundation Inc ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 2.7% of the total. Other salaries and wages came to $38k. At year end it held assets of $404k against liabilities of $2,421, net assets of $402k. It reported 8 employees.