Oaks Foundation

Analysis

Oaks Foundation is a registered charity in United States, based in Sebring, OH. It received its IRS tax-exemption ruling in February 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Oaks Foundation reported income of $674k and spending of $1.1m, spending 162% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.8m to $674k (-86%), an average of -39% a year. The sharpest change came in the year to June 2021, when income dropped by 82%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oaks Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Crater Foundation ($674k), Holstein Foundation Inc ($674k) and Library Board of the Borough of Oakmont ($674k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $6.4m against liabilities of $63k, net assets of $6.4m.