Cedar Oaks Inc

Analysis

Cedar Oaks Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in August 1987, 39 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 September 2023, Cedar Oaks Inc reported income of $375k and spending of $380k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $339k to $375k (+10%), an average of +2.5% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cedar Oaks Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Cedar Development Inc ($375k), His House for Her Inc ($375k) and Cascap Inc ($375k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $86k. At year end it held assets of $863k against liabilities of $1.3m, net assets of -$469k. It reported 1 employees.