Oakdale Foundation

Analysis

Oakdale Foundation is a registered charity in United States, based in Waterford, MI. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 June 2023, Oakdale Foundation reported income of $2.2m and spending of $2.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.2m (+57%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oakdale Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include World Sleep Foundation ($2.2m), Artistic Freedom Initiative Inc ($2.2m) and Antique Boat Museum ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 82% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $2.8m against liabilities of $2.1m, net assets of $720k. It reported 41 employees.