Oaksatl Community Development Incorporated

Analysis

Oaksatl Community Development Incorporated is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2017, 9 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 June 2023, Oaksatl Community Development Incorporated reported income of $3.1m and spending of $861k, leaving 72% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $971k to $3.1m (+219%), an average of +47% a year. The sharpest change came in the year to June 2023, when income rose by 187%. Over the whole period it spent 36% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oaksatl Community Development Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Westside Ministries Inc ($3.1m), South Bronx Community Management Company Inc ($3.1m) and Martindale-Brightwood Community Development Corporation ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $36k (4.2% of expenses). Other salaries and wages came to $215k. At year end it held assets of $6.2m against liabilities of $2.2m, net assets of $4.0m. It reported 9 employees.