Oak Hills Memorial Foundation Inc

Analysis

Oak Hills Memorial Foundation Inc is a registered charity in United States, based in New Ulm, MN. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Oak Hills Memorial Foundation Inc reported income of $241k and spending of $240k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $124k to $241k (+94%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 713%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Oak Hills Memorial Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Cameroon Health and Education Fund Inc ($241k), Gavilan College Educational Foundation ($241k) and Welcome Back Foundation ($241k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $1.3m against liabilities of $6,415, net assets of $1.3m.