Pacific Oaks Education Corporation

Analysis

Pacific Oaks Education Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Pacific Oaks Education Corporation reported income of $23.7m and spending of $22.0m, spending 93% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $24.3m to $23.7m (-2.5%), an average of -0.6% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pacific Oaks Education Corporation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Pacoima Charter School ($23.7m), Voices College-Bound Language Academies ($23.7m) and PWC Foundation Inc ($23.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 4.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $367k (1.7% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $44.7m against liabilities of $21.6m, net assets of $23.1m. It reported 357 employees.