Oak Crest Village Inc

Analysis

Oak Crest Village Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in August 1995, 31 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 December 2023, Oak Crest Village Inc reported income of $99.6m and spending of $113.5m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $92.8m to $99.6m (+7.4%), an average of +1.8% a year. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oak Crest Village Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Catholic Charities of the Archdiocese of Galveston-Houston ($99.4m), Good Sheperd Food Bank ($99.7m) and Regional Food Bank of Oklahoma ($99.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $418k (0.4% of expenses). Other salaries and wages came to $41.3m. At year end it held assets of $470.4m against liabilities of $506.0m, net assets of -$35.7m. It reported 1,731 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.