Oak Place Inc

Analysis

Oak Place Inc is a registered charity in United States, based in Malvern, AR. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oak Place Inc reported income of $94k and spending of $88k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $94k (+9.2%), an average of +9.2% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oak Place 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 35th percentile, and in the 34th percentile within AR. Charities of a similar size with the same main cause include Grand Avenue Ecdc Housing Inc ($94k), Southeast Oklahoma Community Development Corporation ($94k) and Hope Housing of Green Country Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $257k against liabilities of $5,841, net assets of $251k.