Oak Grove Christian Retirement Village Inc

Analysis

Oak Grove Christian Retirement Village Inc is a registered charity in United States, based in Demotte, IN. It received its IRS tax-exemption ruling in October 1997, 29 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 June 2023, Oak Grove Christian Retirement Village Inc reported income of $8.8m and spending of $9.4m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $8.8m (+73%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oak Grove Christian Retirement Village Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Springhouse Inc ($8.8m), New Reach Inc ($8.8m) and Depaul Properties Inc ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $14.9m against liabilities of $6.4m, net assets of $8.6m. It reported 149 employees.