Oxbow

Analysis

Oxbow is a registered charity in United States, based in Saugatuck, MI. It received its IRS tax-exemption ruling in June 1972, 54 years ago. 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 December 2023, Oxbow reported income of $2.7m and spending of $3.4m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.7m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oxbow sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include 80-92 Ridge Street Housing Development Fund Company Inc ($2.7m), National Taxpayers Union Foundation ($2.7m) and Colorado Statewide Parent Coalition ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $189k (5.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.1m against liabilities of $1.6m, net assets of $4.5m. It reported 50 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.