Oak Ridge Land Bank Inc

Analysis

Oak Ridge Land Bank Inc is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Oak Ridge Land Bank Inc reported income of $68k and spending of $67k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $132k to $68k (-48%), an average of -15% a year. The sharpest change came in the year to June 2021, when income rose by 439%. Over the whole period it spent 22% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oak Ridge Land Bank Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within TN. Charities of a similar size with the same main cause include National Charity League Inc Legacy Frisco Chapter ($68k), Fennimore Area Foundation Inc ($68k) and Community Action of Pequot Lakes ($68k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 250% of the total. At year end it held assets of $2.4m against liabilities of $928k, net assets of $1.5m.