Five Oaks Recreational Association Inc
EIN: 621000589 · Durham, NC
| Metric | Value |
|---|---|
| Total Revenue | $361K |
| Total Expenses | $316K |
| Net Assets | $533K |
Is Five Oaks Recreational Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Five Oaks Recreational Association Inc
Five Oaks Recreational Association Inc (EIN: 621000589) is a nonprofit organization based in Durham, NC. The organization reported total revenue of $361K and total assets of $534K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Five Oaks Recreational Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Five Oaks Recreational Association Inc is a small nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $345K |
| Total Expenses | $316K |
| Surplus / Deficit | +$29K |
| Total Assets | $552K |
| Total Liabilities | $20K |
| Net Assets | $533K |
| Operating Margin | 8.4% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 21.0 months |
Financial Health Grade: A
In 2023, Five Oaks Recreational Association Inc reported a surplus of $29K with revenue exceeding expenses, holds 21.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Five Oaks Recreational Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.8% | +4.3% | +2.0% |
| 2022 | +14.3% | +7.2% | +12.7% |
| 2021 | -4.4% | +3.2% | +2.5% |
| 2020 | +2.6% | -3.0% | +6.9% |
| 2019 | +1.1% | -2.0% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Five Oaks Recreational Association Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Five Oaks Recreational Association Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.5%.
Frequently Asked Questions about Five Oaks Recreational Association Inc
Is Five Oaks Recreational Association Inc a legitimate charity?
Five Oaks Recreational Association Inc (EIN: 621000589) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $361K. No red flags identified. Financial health grade: A.
How does Five Oaks Recreational Association Inc spend its money?
Five Oaks Recreational Association Inc reported $361K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Five Oaks Recreational Association Inc tax-deductible?
Five Oaks Recreational Association Inc is registered as a tax-exempt nonprofit (EIN: 621000589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Five Oaks Recreational Association Inc located?
Five Oaks Recreational Association Inc is headquartered in Durham, North Carolina and files with the IRS under EIN 621000589.
How many years of IRS 990 filings does Five Oaks Recreational Association Inc have?
Five Oaks Recreational Association Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $361K in total revenue.
Filing History
IRS 990 filing history for Five Oaks Recreational Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Five Oaks Recreational Association Inc's revenue has grown by 37.1%, moving from $251K to $345K. Total assets increased by 40% over the same period, from $395K to $552K. Total functional expenses rose by 21.1%, from $261K to $316K. In its most recent filing year (2023), Five Oaks Recreational Association Inc reported a surplus of $29K, with revenue exceeding expenses. The organization holds $20K in liabilities against $552K in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $533K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $345K | $316K | $552K | $20K | — | View 990 |
| 2022 | $335K | $303K | $542K | $38K | — | View 990 |
| 2021 | $293K | $282K | $481K | $10K | — | — |
| 2020 | $307K | $273K | $469K | $9K | — | — |
| 2019 | $299K | $282K | $439K | $12K | — | View 990 |
| 2018 | $296K | $287K | $426K | $16K | — | — |
| 2017 | $296K | $269K | $418K | $17K | — | View 990 |
| 2016 | $293K | $280K | $404K | $32K | — | View 990 |
| 2015 | $283K | $250K | $388K | $28K | — | View 990 |
| 2014 | $268K | $303K | $363K | $37K | — | View 990 |
| 2013 | $253K | $270K | $371K | $9K | — | View 990 |
| 2012 | $251K | $261K | $395K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $345K, expenses of $316K, and assets of $552K (revenue +2.8% year-over-year).
- 2022: Revenue of $335K, expenses of $303K, and assets of $542K (revenue +14.3% year-over-year).
- 2021: Revenue of $293K, expenses of $282K, and assets of $481K (revenue -4.4% year-over-year).
- 2020: Revenue of $307K, expenses of $273K, and assets of $469K (revenue +2.6% year-over-year).
- 2019: Revenue of $299K, expenses of $282K, and assets of $439K (revenue +1.1% year-over-year).
- 2018: Revenue of $296K, expenses of $287K, and assets of $426K (revenue -0.1% year-over-year).
- 2017: Revenue of $296K, expenses of $269K, and assets of $418K (revenue +1.0% year-over-year).
- 2016: Revenue of $293K, expenses of $280K, and assets of $404K (revenue +3.5% year-over-year).
- 2015: Revenue of $283K, expenses of $250K, and assets of $388K (revenue +5.9% year-over-year).
- 2014: Revenue of $268K, expenses of $303K, and assets of $363K (revenue +5.6% year-over-year).
- 2013: Revenue of $253K, expenses of $270K, and assets of $371K (revenue +0.9% year-over-year).
- 2012: Revenue of $251K, expenses of $261K, and assets of $395K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Five Oaks Recreational Association Inc:
Data Sources and Methodology
This transparency report for Five Oaks Recreational Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.