Oakcrest School

Analysis

Oakcrest School is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in August 1994, 32 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 June 2023, Oakcrest School reported income of $11.5m and spending of $11.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.4m to $11.5m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oakcrest School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Geneva School of Manhattan ($11.5m), Tennessee State University Foundation ($11.5m) and Road2hire ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $404k (3.7% of expenses). Other salaries and wages came to $4.7m. It paid $6,500 in professional fundraising fees. At year end it held assets of $59.9m against liabilities of $11.9m, net assets of $48.0m. It reported 112 employees.