Friends of Oakland Foundation Inc

Analysis

Friends of Oakland Foundation Inc is a registered charity in United States, based in Oakland, NE. It received its IRS tax-exemption ruling in July 1990, 36 years ago. 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, Friends of Oakland Foundation Inc reported income of $268k and spending of $287k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $268k (+148%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 414%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Oakland Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NE. Charities of a similar size with the same main cause include Sarah Hull Hallock Free Library ($268k), Daily Princetonian Publishing Company ($268k) and American Foundation for the National Museums Scotland ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.