Oxford Homes for Elderly Inc

Analysis

Oxford Homes for Elderly Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in May 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Oxford Homes for Elderly Inc reported income of $77k and spending of $85k, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $61k to $77k (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oxford Homes for Elderly Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within TN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($77k), Pleasant View Tenant Association ($78k) and Opportunity Partners Inc ($77k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $434k against liabilities of $676k, net assets of -$241k.