Oak Harbor Educational Foundation

Analysis

Oak Harbor Educational Foundation is a registered charity in United States, based in Oak Harbor, WA. It received its IRS tax-exemption ruling in August 1996, 30 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 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 Harbor Educational Foundation reported income of $202k and spending of $192k, spending 95% of its income. Across the 6 years on record, from August 2019 to December 2023, income grew from $126k to $202k (+60%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 433%. Over the whole period it spent 54% 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 Harbor Educational Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Jan-Kay Ranch Inc ($201k), Inter-Nation Cultural Foundation ($202k) and Project New Hope of Minnesota Lions Foundation Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $40k (21% of expenses). Other salaries and wages came to $4,816. At year end it held assets of $1.5m against liabilities of $4,181, net assets of $1.5m. It reported 2 employees.