Live Oak Adult Day Services

Analysis

Live Oak Adult Day Services is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Live Oak Adult Day Services reported income of $3.7m and spending of $1.1m, leaving 69% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $3.7m (+195%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 258%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Live Oak Adult Day Services sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Safe Haven Adolescent Home ($3.7m), Youthnet ($3.7m) and Fellowshiplife Foundation Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $80k (7.0% of expenses). Other salaries and wages came to $617k. At year end it held assets of $4.7m against liabilities of $90k, net assets of $4.6m. It reported 48 employees.