Oak Grove Development Corporation
EIN: 271636147 · Champaign, IL · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $9.5M |
| Total Expenses | $2K |
| Net Assets | $5.8M |
Is Oak Grove Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Oak Grove Development Corporation
Oak Grove Development Corporation (EIN: 271636147) is a nonprofit organization based in Champaign, IL, classified under NTEE code L21. The organization reported total revenue of $9.5M and total assets of $14.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oak Grove Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oak Grove Development Corporation is a mid-size nonprofit that has been operating for 15 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 17.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $2K |
| Surplus / Deficit | +$3.6M |
| Total Assets | $7.5M |
| Total Liabilities | $1.7M |
| Net Assets | $5.8M |
| Operating Margin | 99.9% |
| Debt-to-Asset Ratio | 22.0% |
| Months of Reserves | 49067.6 months |
Financial Health Grade: A
In 2023, Oak Grove Development Corporation reported a surplus of $3.6M with revenue exceeding expenses, holds 49067.6 months of operating reserves (strong position), has a debt-to-asset ratio of 22.0% (moderate leverage).
Financial Trends
Over 6 years of filings (2018–2023), Oak Grove Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 17.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1494.1% | -52.4% | +93.7% |
| 2022 | +185.9% | -76.1% | +5.7% |
| 2021 | -65.3% | +1703.6% | +1.3% |
| 2020 | +62.6% | -99.1% | +6.2% |
| 2019 | -91.4% | +14928.6% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Oak Grove Development Corporation 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 Oak Grove Development Corporation 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 $3.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.0%.
Frequently Asked Questions about Oak Grove Development Corporation
Is Oak Grove Development Corporation a legitimate charity?
Oak Grove Development Corporation (EIN: 271636147) is a registered tax-exempt nonprofit based in Illinois. It has 6 years of IRS 990 filings on record. Total revenue: $9.5M. No red flags identified. Financial health grade: A.
How does Oak Grove Development Corporation spend its money?
Oak Grove Development Corporation reported $9.5M in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Oak Grove Development Corporation tax-deductible?
Oak Grove Development Corporation is registered as a tax-exempt nonprofit (EIN: 271636147). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Oak Grove Development Corporation located?
Oak Grove Development Corporation is headquartered in Champaign, Illinois and files with the IRS under EIN 271636147. It is classified under NTEE code L21.
How many years of IRS 990 filings does Oak Grove Development Corporation have?
Oak Grove Development Corporation has 6 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 $9.5M in total revenue.
Filing History
IRS 990 filing history for Oak Grove Development Corporation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Oak Grove Development Corporation's revenue has grown by 122%, moving from $1.6M to $3.6M. Total assets increased by 121.6% over the same period, from $3.4M to $7.5M. Total functional expenses rose by 169.5%, from $681 to $2K. In its most recent filing year (2023), Oak Grove Development Corporation reported a surplus of $3.6M, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $7.5M in assets (debt-to-asset ratio: 22.0%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $2K | $7.5M | $1.7M | — | — |
| 2022 | $229K | $4K | $3.9M | $1.7M | — | View 990 |
| 2021 | $80K | $16K | $3.7M | $1.7M | — | View 990 |
| 2020 | $231K | $894 | $3.6M | $1.7M | — | View 990 |
| 2019 | $142K | $102K | $3.4M | $1.7M | — | View 990 |
| 2018 | $1.6M | $681 | $3.4M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $2K, and assets of $7.5M (revenue +1494.1% year-over-year).
- 2022: Revenue of $229K, expenses of $4K, and assets of $3.9M (revenue +185.9% year-over-year).
- 2021: Revenue of $80K, expenses of $16K, and assets of $3.7M (revenue -65.3% year-over-year).
- 2020: Revenue of $231K, expenses of $894, and assets of $3.6M (revenue +62.6% year-over-year).
- 2019: Revenue of $142K, expenses of $102K, and assets of $3.4M (revenue -91.4% year-over-year).
- 2018: Revenue of $1.6M, expenses of $681, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oak Grove Development Corporation:
Data Sources and Methodology
This transparency report for Oak Grove Development Corporation 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.