Oakwood Center Inc

Analysis

Oakwood Center Inc is a registered charity in United States, based in Selma, IN. It received its IRS tax-exemption ruling in March 2017, 9 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, Oakwood Center Inc reported income of $227k and spending of $213k, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $321k to $227k (-29%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Oakwood Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IN. Charities of a similar size with the same main cause include Submission Ministries and Fellowship Inc ($227k), Hands Across Middlesex Interfaith Outreach Inc ($227k) and Oak Tree Ministry a NJ Nonprofit Corporation ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $32k (15% of expenses). Other salaries and wages came to $12k. At year end it held assets of $28k against liabilities of $1,637, net assets of $27k. It reported 10 employees.