Oak Academies Inc

Analysis

Oak Academies Inc is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Oak Academies Inc reported income of $2.8m and spending of $2.3m, spending 84% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $3.0m to $2.8m (-6.5%), an average of -2.2% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oak Academies Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Stu-Comm Incorporated ($2.8m), Illinois Elementary School Association Incorporated ($2.8m) and 826 National ($2.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 24% and program service revenue 75% of the total. Other salaries and wages came to $44k. At year end it held assets of $6.0m against liabilities of $3.5m, net assets of $2.4m. It reported 1 employees.