Oatlands Inc

Analysis

Oatlands Inc is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in June 1980, 46 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, Oatlands Inc reported income of $1.1m and spending of $1.2m, spending 111% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $1.2m to $1.1m (-9.7%), an average of -2.5% a year. The sharpest change came in the year to March 2022, when income rose by 50%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oatlands Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Montgomery County Historical Society Inc ($1.1m), Texarts Association for Visual & Performing Arts ($1.1m) and Seven Angels Theatre Inc ($1.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 58% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $193k (16% of expenses). Other salaries and wages came to $97k. At year end it held assets of $597k against liabilities of $130k, net assets of $467k. It reported 18 employees.