Live Oak Classical Foundation

Analysis

Live Oak Classical Foundation is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Classical Foundation reported income of $93k and spending of $343k, spending 369% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $26k to $93k (+255%), an average of +53% a year. The sharpest change came in the year to June 2021, when income rose by 3666%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Live Oak Classical Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Phillips West Neighborhood Organization ($93k), Jackson Hole Working ($93k) and Rochester Police Foundation Inc ($93k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.