Oak Ridge Foundation

Analysis

Oak Ridge Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Oak Ridge Foundation reported income of $813k and spending of $259k, leaving 68% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income fell from $2.4m to $813k (-66%), an average of -42% a year. The sharpest change came in the year to September 2022, when income dropped by 42%. Over the whole period it spent 6.0% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Oak Ridge Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Heritage Christian School ($813k), Roger Federer Charitable Fund Inc ($814k) and United Way of Lebanon County Inc ($812k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $4.4m against liabilities of $1,571, net assets of $4.4m.