Oakhouse Inc a Non-Profit Housing Corporation

Analysis

Oakhouse Inc a Non-Profit Housing Corporation is a registered charity in United States, based in Hancock, MI. It received its IRS tax-exemption ruling in January 1984, 42 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 September 2024, Oakhouse Inc a Non-Profit Housing Corporation reported income of $426k and spending of $401k, spending 94% of its income. Across the 6 years on record, from September 2019 to September 2024, income grew from $310k to $426k (+38%), an average of +6.6% a year. The sharpest change came in the year to September 2021, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oakhouse Inc a Non-Profit Housing Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include The Marshall County Home Place Inc the Home Place ($426k), North Texas Fair Housing Center ($427k) and Marian Homes ($426k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $72k (18% of expenses). Other salaries and wages came to $167k. At year end it held assets of $529k against liabilities of $189k, net assets of $340k. It reported 11 employees.