Oak Meadows

Analysis

Oak Meadows is a registered charity in United States, based in Oakdale, MN. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Oak Meadows reported income of $5.7m and spending of $6.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $5.7m (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oak Meadows sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include The Center for Family Justice Inc ($5.7m), Cadence of Acadiana Inc ($5.7m) and E C Canada & Associates Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $7.4m against liabilities of $8.2m, net assets of -$798k.

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.