Oakbend Medical Group

Analysis

Oakbend Medical Group is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in February 1999, 27 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oakbend Medical Group reported income of $5.4m and spending of $10.3m, spending 191% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.6m to $5.4m (-37%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 148% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oakbend Medical Group sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Valley Day School ($5.4m), Abilityworks of Oklahoma Inc ($5.4m) and Spertus Institute for Jewish Learning and Leadership ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.1m (11% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $1.6m against liabilities of $38.9m, net assets of -$37.2m. It reported 79 employees.

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.