Three Oaks Homeless Shelter Inc

Analysis

Three Oaks Homeless Shelter Inc is a registered charity in United States, based in Lexington Park, MD. It received its IRS tax-exemption ruling in January 1994, 32 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, Three Oaks Homeless Shelter Inc reported income of $5.0m and spending of $4.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $5.0m (+64%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Three Oaks Homeless Shelter Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Tri State Steelheaders ($5.0m), National Center for LGBTQ Rights ($5.0m) and Titusville Academy Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. At year end it held assets of $3.3m against liabilities of $208k, net assets of $3.1m. It reported 35 employees.