Oak Center Towers

Analysis

Oak Center Towers is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in November 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Oak Center Towers reported income of $4.7m and spending of $4.7m, spending 100% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $2.7m to $4.7m (+72%), an average of +20% a year. The sharpest change came in the year to March 2021, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oak Center Towers sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Evanston Wilmette Golf Course Association ($4.7m), Delta Research and Educational Foundation ($4.7m) and Pacific Telecommunications Council Inc ($4.7m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $132k. At year end it held assets of $10.7m against liabilities of $402k, net assets of $10.3m.