Oak Ridge Foundation Incorporated

Analysis

Oak Ridge Foundation Incorporated is a registered charity in United States, based in Oak Ridge, NC. It received its IRS tax-exemption ruling in May 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2021, Oak Ridge Foundation Incorporated reported income of $2.9m and spending of $3.4m, spending 116% of what it took in. Across the 3 years on record, from July 2019 to July 2021, income grew from $2.4m to $2.9m (+23%), an average of +11% a year. The sharpest change came in the year to July 2021, when income rose by 19%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oak Ridge Foundation Incorporated sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Livelikelou Foundation ($2.9m), Ventures ($2.9m) and Sierra Academy of Expeditionary Learning ($2.9m).

On its Form 990 for the period ending July 2021, revenue came from contributions and grants 10% and program service revenue 81% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $8.6m against liabilities of $8.7m, net assets of -$98k. It reported 52 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.