Oak Meadows Community Association

Analysis

Oak Meadows Community Association is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in March 2022, 4 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 December 2023, Oak Meadows Community Association reported income of $289k and spending of $229k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $44k to $289k (+549%), an average of +87% a year. The sharpest change came in the year to December 2021, when income rose by 534%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oak Meadows Community Association sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($289k), Neighborhood Housing Services of San Antonio Inc ($289k) and Nextpoint Home Development ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 97% of the total. At year end it held assets of $2.5m against liabilities of $2.3m, net assets of $158k.