Oakridge Townhouses Inc

Analysis

Oakridge Townhouses Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in March 1998, 28 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 June 2024, Oakridge Townhouses Inc reported income of $468k and spending of $609k, spending 130% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $379k to $468k (+23%), an average of +5.4% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oakridge Townhouses Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Covenant Shelter of New London Inc ($467k), Eastwood Senior Housing Inc ($468k) and Ahepa 343 Inc ($467k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $80k. At year end it held assets of $843k against liabilities of $909k, net assets of -$65k.

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.