Oak Manor Associates

Analysis

Oak Manor Associates is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in July 1995, 31 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 (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 Manor Associates reported income of $109k and spending of $136k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $109k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oak Manor Associates sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within WA. Charities of a similar size with the same main cause include Mosaic Housing Corp II ($109k), Westminster Village Residents Trust Fund ($110k) and Hearts and Hammers Inc ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $819k against liabilities of $1.8m, net assets of -$1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.