Oaks Academy Inc

Analysis

Oaks Academy Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Oaks Academy Inc reported income of $21.5m and spending of $16.7m, leaving 23% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $11.7m to $21.5m (+84%), an average of +16% a year. The sharpest change came in the year to July 2023, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oaks Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Cares Center Inc ($21.5m), Bernard Zell Anshe Emet Day School ($21.5m) and Global Outreach Charter Academys ($21.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $949k (5.7% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $11.0m against liabilities of $3.4m, net assets of $7.6m. It reported 319 employees.