Oak Crest Private School

Analysis

Oak Crest Private School is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in August 2003, 23 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 Crest Private School reported income of $890k and spending of $704k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $491k to $890k (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oak Crest Private School sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Blue Ridge Christian School ($890k), New York Theological Education Center ($890k) and B K S Iyengar Yoga National Assoc of the United States Incorporated ($890k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $67k (9.5% of expenses). Other salaries and wages came to $438k. At year end it held assets of $3.2m against liabilities of $157k, net assets of $3.1m. It reported 17 employees.