Oak Ridge Public Schools Education Foundation Inc

Analysis

Oak Ridge Public Schools Education Foundation Inc is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Oak Ridge Public Schools Education Foundation Inc reported income of $480k and spending of $126k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $504k to $480k (-4.7%), an average of -1.2% a year. The sharpest change came in the year to December 2022, when income dropped by 167%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Oak Ridge Public Schools Education Foundation Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Katzman Family Support Foundation ($479k), Volunteer Center of San Gabriel Valley ($480k) and Friends of the Center of the Syrian and Lebanese Traditions ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Other salaries and wages came to $27k. At year end it held assets of $5.5m against liabilities of -$330, net assets of $5.5m. It reported 2 employees.