Oak Grove Housing Inc

Analysis

Oak Grove Housing Inc is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in April 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 (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, Oak Grove Housing Inc reported income of $198k and spending of $330k, spending 166% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $186k to $198k (+6.5%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income rose by 92%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oak Grove Housing Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Connolly Square Incorporated ($198k), Church Street Housing Inc ($198k) and East Harlem El Barrio Community Land Trust Inc ($198k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 61% of the total. Other salaries and wages came to $62k. At year end it held assets of $2.6m against liabilities of $44k, net assets of $2.5m.