Oakton Foundation Inc

Analysis

Oakton Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Oakton Foundation Inc reported income of $1.5m and spending of $815k, leaving 45% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.0m to $1.5m (+43%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 175%. Over the whole period it spent 60% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Oakton Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Gospel Recordings ($1.5m), Dawat-E-Islami Inc ($1.5m) and Community Kollel of Greater Las Vegas ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 4.3% of the total. Other salaries and wages came to $150k. At year end it held assets of $9.2m against liabilities of $1.2m, net assets of $8.0m. It reported 7 employees.