East Oak Place

Analysis

East Oak Place is a registered charity in United States, based in Malvern, AR. It received its IRS tax-exemption ruling in June 1995, 31 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, East Oak Place reported income of $151k and spending of $166k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $151k (+26%), an average of +5.9% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Oak Place sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within AR. Charities of a similar size with the same main cause include Danville Lions Foundation Inc ($151k), Building Restoration in Christ Kingdom Brick Inc ($151k) and Urban League of Rochester Economic Development Corporation ($151k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $43k. At year end it held assets of $455k against liabilities of $12k, net assets of $442k.

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.