Oak Hill Charter School

Analysis

Oak Hill Charter School is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in September 2021, 5 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 June 2023, Oak Hill Charter School reported income of $1.9m and spending of $1.8m, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $4,316 to $1.9m (+43640%), an average of +43640% a year. The sharpest change came in the year to June 2023, when income rose by 43640%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oak Hill Charter School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Lake Eola Charter School Inc ($1.9m), Waldorf Association Santa Barbara ($1.9m) and Caroline & Joseph S Gruss Life Monument Funds Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Other salaries and wages came to $825k. At year end it held assets of $163k against liabilities of $56k, net assets of $107k. It reported 35 employees.