Oak Point Homeowners Scholarship Funds Inc

Analysis

Oak Point Homeowners Scholarship Funds Inc is a registered charity in United States, based in Middleboro, MA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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 December 2023, Oak Point Homeowners Scholarship Funds Inc reported income of $54k and spending of $27k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $54k (+1.3%), an average of +1.3% a year. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oak Point Homeowners Scholarship Funds Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Boulder Audubon Society ($54k), PTA California Congress of Parents Teachers & Students Inc ($54k) and Chinatown History & Culture Association ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.