Little Oaks Academy

Analysis

Little Oaks Academy is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in February 2015, 11 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 2023, Little Oaks Academy reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $948k to $1.4m (+45%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Little Oaks Academy sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Counseling Connections for Change Inc ($1.4m), John Hope Settlement House ($1.4m) and Trinity Center Walnut Creek ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $80k (6.3% of expenses). Other salaries and wages came to $809k. At year end it held assets of $1.0m against liabilities of $517k, net assets of $512k. It reported 73 employees.