Oaktree Academy Inc

Analysis

Oaktree Academy Inc is a registered charity in United States, based in Ludington, MI. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Oaktree Academy Inc reported income of $976k and spending of $1.0m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $724k to $976k (+35%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oaktree Academy Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Association for Guidance Aid Placement and Empathy of N C Inc ($975k), Plenty Inc ($976k) and Happy Trails for Kids ($975k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $693k. At year end it held assets of $1.2m against liabilities of $34k, net assets of $1.2m.