Oak Hammock at the University of Florida Inc

Analysis

Oak Hammock at the University of Florida Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Hammock at the University of Florida Inc reported income of $42.5m and spending of $40.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $34.5m to $42.5m (+23%), an average of +5.4% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oak Hammock at the University of Florida Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Arc Human Service Inc ($42.5m), Springmoor Inc ($42.5m) and Young Womens Christian Association of Seattle-King County-Snohomish C ($42.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $604k (1.5% of expenses). Other salaries and wages came to $13.7m. At year end it held assets of $120.8m against liabilities of $171.8m, net assets of -$50.9m. It reported 447 employees.