Historic Oakland Foundation Inc

Analysis

Historic Oakland Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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 December 2022, Historic Oakland Foundation Inc reported income of $4.1m and spending of $2.7m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $2.0m to $4.1m (+107%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Oakland Foundation Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Gus Giordanos Jazz Dance Chicago Inc ($4.1m), Young Americans Christian School Inc ($4.1m) and National Arts Club ($4.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 81% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $149k (5.6% of expenses). Other salaries and wages came to $952k. It paid $101k in professional fundraising fees. At year end it held assets of $12.2m against liabilities of $337k, net assets of $11.9m. It reported 23 employees.