Oai Inc

Analysis

Oai Inc is a registered charity in United States, based in Park Forest, IL. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Oai Inc reported income of $6.5m and spending of $6.3m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.5m to $6.5m (+45%), an average of +9.6% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oai 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 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Advanced Employment Inc ($6.5m), Project Evident Inc ($6.5m) and Rehabilitation and Employment Services of the East Bay ($6.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $141k (2.3% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.8m against liabilities of $1.2m, net assets of $1.7m. It reported 43 employees.