Oakwood Residence Inc

Analysis

Oakwood Residence Inc is a registered charity in United States, based in Superior, WI. It received its IRS tax-exemption ruling in March 1946, 80 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 March 2023, Oakwood Residence Inc reported income of $78k and spending of $109k, spending 139% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $84k to $78k (-7.2%), an average of -2.5% a year. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oakwood Residence Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within WI. Charities of a similar size with the same main cause include Lake Minnewawa Association Inc ($78k), Bridge Trust ($78k) and Youth in Action Incorporated ($78k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Other salaries and wages came to $25k. At year end it held assets of $269k against liabilities of $104k, net assets of $164k.

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.