Oak Grove Institute Foundation Inc

Analysis

Oak Grove Institute Foundation Inc is a registered charity in United States, based in Murrieta, CA. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Oak Grove Institute Foundation Inc reported income of $24.5m and spending of $22.6m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.0m to $24.5m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oak Grove Institute Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Sinai Special Needs Institute ($24.4m), Petersburg Medical Center ($24.5m) and Helping Restore Ability ($24.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $501k (2.2% of expenses). Other salaries and wages came to $14.6m. At year end it held assets of $36.2m against liabilities of $3.6m, net assets of $32.6m. It reported 440 employees.