Dominican Oaks Corporation

Analysis

Dominican Oaks Corporation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Dominican Oaks Corporation reported income of $14.2m and spending of $12.1m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.9m to $14.2m (+10.0%), an average of +2.4% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dominican Oaks Corporation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within AZ. Charities of a similar size with the same main cause include Qsource ($14.2m), Mattapan Community Health Center Inc ($14.2m) and San Antonio Area Foundation Group Return ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $207k (1.7% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $48.9m against liabilities of $892k, net assets of $48.0m. It reported 117 employees.