Home Scholars Academy of Oakridge & Westfir Inc

Analysis

Home Scholars Academy of Oakridge & Westfir Inc is a registered charity in United States, based in Cottage Grove, OR. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Home Scholars Academy of Oakridge & Westfir Inc reported income of $3.3m and spending of $3.1m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $3.3m (+223%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 126%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Home Scholars Academy of Oakridge & Westfir Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OR. Charities of a similar size with the same main cause include Auburn Research Park I ($3.3m), California State University Los Angeles Foundation ($3.3m) and National Offshore Wind Training Center Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $158k (5.2% of expenses). At year end it held assets of $6.5m against liabilities of $4.8m, net assets of $1.8m.