Oak Hill Apartments Inc

Analysis

Oak Hill Apartments Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Oak Hill Apartments Inc reported income of $71k and spending of $107k, spending 151% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income fell from $72k to $71k (-1.8%), an average of -0.9% a year. Over the whole period it spent 134% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oak Hill Apartments Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Womens Institute for Family Health ($71k), Wills Community Surgical Services of Cottman Inc ($71k) and Paulding County Hospital Public Foundation ($71k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $950k against liabilities of $1.4m, net assets of -$408k.

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.