Oak Hill Foundation Inc

Analysis

Oak Hill Foundation Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Oak Hill Foundation Inc reported income of $3.1m and spending of $6.3m, spending 202% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.1m to $3.1m (-49%), an average of -15% a year. The sharpest change came in the year to June 2021, when income rose by 268%. Over the whole period it spent 78% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Oak Hill Foundation Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Boy Scouts of America ($3.1m), Potter Childrens Foundation Inc ($3.1m) and The Boys and Girls Clubs of South Alabama Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $140.2m against liabilities of $12.2m, net assets of $128.1m.