3 Oaks Academy Inc

Analysis

3 Oaks Academy Inc is a registered charity in United States, based in Ft Myers, FL. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, 3 Oaks Academy Inc reported income of $565k and spending of $493k, spending 87% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $247k to $565k (+129%), an average of +51% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 3 Oaks Academy Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Our Community Place ($565k), Texas Payroll Conference ($565k) and Lifelong Learning Corporation ($565k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $245k. At year end it held assets of $91k against liabilities of $0, net assets of $91k.