Oxford House Inc

Analysis

Oxford House Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in November 1988, 38 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 June 2023, Oxford House Inc reported income of $28.9m and spending of $27.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.5m to $28.9m (+131%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oxford House Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Sterling Co ($28.9m), Mental Health Center for Southern New Hampshire Inc ($29.0m) and The Arc of Central Alabama Inc ($28.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $205k (0.7% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $9.3m against liabilities of $2.8m, net assets of $6.6m. It reported 307 employees.