Oakmont Gardens Inc

Analysis

Oakmont Gardens Inc is a registered charity in United States, based in Crossville, TN. It received its IRS tax-exemption ruling in January 2005, 21 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 (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, Oakmont Gardens Inc reported income of $72k and spending of $104k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $72k (+5.8%), an average of +1.4% a year. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oakmont Gardens Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within TN. Charities of a similar size with the same main cause include Edison Affordable Housing Inc ($72k), Presidential Place Inc ($72k) and Larke Village Incorporated ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Other salaries and wages came to $22k. At year end it held assets of $863k against liabilities of $29k, net assets of $834k.

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.