Oak Level Baptist Academy

Analysis

Oak Level Baptist Academy is a registered charity in United States, based in Stokesdale, NC. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oak Level Baptist Academy reported income of $940k and spending of $523k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $940k (+299%), an average of +41% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oak Level Baptist Academy sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Kernel University ($940k), Aubrey Lee Brooks Foundation ($940k) and Somerset Hills Montessori School ($940k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 84% of the total. Other salaries and wages came to $306k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 24 employees.