Oak Park Education Foundation

Analysis

Oak Park Education Foundation is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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 August 2023, Oak Park Education Foundation reported income of $654k and spending of $612k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $688k to $654k (-5.0%), an average of -1.3% a year. The sharpest change came in the year to August 2021, when income rose by 107%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oak Park Education Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include New Africa Fund Inc ($654k), Cor Jesu Foundation Inc ($654k) and St Marks Day School Inc ($654k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $101k (16% of expenses). Other salaries and wages came to $101k. At year end it held assets of $446k against liabilities of $94, net assets of $446k. It reported 9 employees.