Living Oaks Academy

Analysis

Living Oaks Academy is a registered charity in United States, based in Moncks Corner, SC. It received its IRS tax-exemption ruling in October 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 July 2024, Living Oaks Academy reported income of $237k and spending of $266k, spending 112% of what it took in. Across the 4 years on record, from July 2021 to July 2024, income grew from $233k to $237k (+2.0%), an average of +0.6% a year. The sharpest change came in the year to July 2023, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Living Oaks Academy sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 62nd percentile within SC. Charities of a similar size with the same main cause include National Veterans Transition Services Inc ($237k), Collaborative Law Institute of Texas ($237k) and Block Island Early Learning Center ($237k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $42k (16% of expenses). Other salaries and wages came to $127k. At year end it held assets of $54k against liabilities of $41k, net assets of $13k. It reported 17 employees.