Oak Hill Academy
Oak Hill Academy: Consistent Growth, Strong Program Focus
EIN: 222365651 · Lincroft, NJ · Updated: 2026-04-04
Is Oak Hill Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oak Hill Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Oak Hill Academy
Oak Hill Academy (EIN: 222365651) is a nonprofit organization based in Lincroft, NJ. The organization reported total revenue of $11.4M and total assets of $18.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oak Hill Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Oak Hill Academy with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Oak Hill Academy allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in filings suggests no reported compensation for key employees, which warrants further investigation for a complete assessment.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Oak Hill Academy's IRS 990 filings:
- Lack of explicit executive compensation details in provided data (c0% in filings) requires further inquiry to ensure transparency and fair practices.
Strengths
The following positive indicators were identified for Oak Hill Academy:
- Consistent revenue growth from $6.4M in 2020 to $11.3M in 2024 demonstrates strong financial health and fundraising capabilities.
- Healthy asset growth from $13.4M in 2020 to $18.9M in 2024 indicates effective asset management and reinvestment.
- Low liability-to-asset ratio (e.g., $3.3M liabilities vs. $18.9M assets in 2024) suggests financial stability and prudent debt management.
- Program expenses consistently represent a high percentage of total expenses, indicating a strong focus on its core mission.
Frequently Asked Questions about Oak Hill Academy
Is Oak Hill Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Oak Hill Academy (EIN: 222365651) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Oak Hill Academy spend its money?
Oak Hill Academy directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Oak Hill Academy tax-deductible?
Oak Hill Academy is registered as a tax-exempt nonprofit (EIN: 222365651). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Oak Hill Academy do?
Oak Hill Academy is a nonprofit organization in the Unknown sector, located in Lincroft, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Oak Hill Academy have?
Oak Hill Academy reported total revenue of $11,373,370. Based on 13 IRS 990 filings on record.
What are Oak Hill Academy's total assets?
Oak Hill Academy holds total assets of $18,900,136 as reported in IRS 990 filings.
Where is Oak Hill Academy located?
Oak Hill Academy is based in Lincroft, New Jersey.
What is Oak Hill Academy's EIN?
Oak Hill Academy's Employer Identification Number (EIN) is 222365651. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Oak Hill Academy?
Oak Hill Academy is classified under NTEE code Unknown (Unknown).
Is Oak Hill Academy a registered 501(c)(3)?
Oak Hill Academy appears in IRS records (EIN: 222365651). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Oak Hill Academy file IRS Form 990?
Yes, Oak Hill Academy has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Oak Hill Academy's revenue in 2024?
In the 202406 filing period, Oak Hill Academy reported total revenue of $10,102,125, total expenses of $9,113,277, and net assets of $17,253,384.
Is Oak Hill Academy's revenue growing or declining?
Oak Hill Academy's revenue is relatively stable. Revenue went from $9,735,779 (202306) to $10,102,125 (202406), a +3.8% change. Based on 13 filings on record.
What is Oak Hill Academy's most recent 990 filing?
The most recent IRS Form 990 filing for Oak Hill Academy covers tax period 202406. It shows revenue of $10,102,125, expenses of $9,113,277, total assets of $17,253,384, and liabilities of $3,346,927.
How much does Oak Hill Academy spend on programs vs administration?
Based on IRS 990 analysis, Oak Hill Academy allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Oak Hill Academy a trustworthy charity?
Based on AI analysis of IRS 990 data, Oak Hill Academy appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 4 strengths noted.
What are the red flags for Oak Hill Academy?
The following concerns were identified: Lack of explicit executive compensation details in provided data (c0% in filings) requires further inquiry to ensure transparency and fair practices.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Oak Hill Academy's strengths?
Positive indicators for Oak Hill Academy include: Consistent revenue growth from $6.4M in 2020 to $11.3M in 2024 demonstrates strong financial health and fundraising capabilities.. Healthy asset growth from $13.4M in 2020 to $18.9M in 2024 indicates effective asset management and reinvestment.. Low liability-to-asset ratio (e.g., $3.3M liabilities vs. $18.9M assets in 2024) suggests financial stability and prudent debt management.. Program expenses consistently represent a high percentage of total expenses, indicating a strong focus on its core mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Oak Hill Academy compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in filings suggests no reported compensation for key employees, which warrants further investigation for a complete assessment. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' for compensation in the filings, how does Oak Hill Academy compensate its leadership, and what is the total compensation for its highest-paid executives?
The 'c0%' in the provided financial data for compensation suggests that either executive compensation is not reported in this specific line item, or it is zero. A deeper dive into the full 990 forms would be necessary to identify specific executive compensation figures, as it's unusual for an organization of this size to have no reported executive compensation.
What specific factors contributed to the significant revenue increase from $7.0M in 2021 to $11.3M in 2024?
The data shows a substantial revenue increase from $7,029,038 in 2021 to $11,373,370 in 2024. This growth could be attributed to increased enrollment, successful fundraising campaigns, endowment returns, or a combination of these factors. Further details from annual reports or financial statements would be needed to pinpoint the exact drivers.
Filing History
IRS 990 filing history for Oak Hill Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Oak Hill Academy's revenue has grown by 38.6%, moving from $7.3M to $10.1M. Total assets increased by 35.8% over the same period, from $12.7M to $17.3M. Total functional expenses rose by 27.5%, from $7.1M to $9.1M. In its most recent filing year (2024), Oak Hill Academy reported a surplus of $989K, with revenue exceeding expenses. The organization holds $3.3M in liabilities against $17.3M in assets (debt-to-asset ratio: 19.4%), resulting in net assets of $13.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $10.1M | $9.1M | $17.3M | $3.3M | — | View 990 |
| 2023 | $9.7M | $8.6M | $16.9M | $4.1M | — | — |
| 2022 | $9.1M | $7.9M | $15.8M | $4.4M | — | View 990 |
| 2021 | $7.0M | $6.7M | $15.0M | $4.4M | — | — |
| 2020 | $6.4M | $6.3M | $13.5M | $4.2M | — | View 990 |
| 2019 | $7.1M | $6.9M | $13.3M | $4.1M | — | View 990 |
| 2018 | $7.7M | $7.1M | $13.4M | $4.4M | — | — |
| 2017 | $7.3M | $7.2M | $12.4M | $4.1M | — | View 990 |
| 2016 | $7.2M | $7.2M | $12.4M | $4.2M | — | View 990 |
| 2015 | $6.9M | $6.9M | $12.5M | $4.4M | — | View 990 |
| 2014 | $7.1M | $7.0M | $12.0M | $3.9M | — | View 990 |
| 2013 | $7.2M | $7.2M | $12.4M | $4.4M | — | View 990 |
| 2012 | $7.3M | $7.1M | $12.7M | $4.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $10.1M, expenses of $9.1M, and assets of $17.3M (revenue +3.8% year-over-year).
- 2023: Revenue of $9.7M, expenses of $8.6M, and assets of $16.9M (revenue +7.2% year-over-year).
- 2022: Revenue of $9.1M, expenses of $7.9M, and assets of $15.8M (revenue +29.2% year-over-year).
- 2021: Revenue of $7.0M, expenses of $6.7M, and assets of $15.0M (revenue +9.8% year-over-year).
- 2020: Revenue of $6.4M, expenses of $6.3M, and assets of $13.5M (revenue -9.3% year-over-year).
- 2019: Revenue of $7.1M, expenses of $6.9M, and assets of $13.3M (revenue -8.8% year-over-year).
- 2018: Revenue of $7.7M, expenses of $7.1M, and assets of $13.4M (revenue +6.3% year-over-year).
- 2017: Revenue of $7.3M, expenses of $7.2M, and assets of $12.4M (revenue +1.0% year-over-year).
- 2016: Revenue of $7.2M, expenses of $7.2M, and assets of $12.4M (revenue +4.0% year-over-year).
- 2015: Revenue of $6.9M, expenses of $6.9M, and assets of $12.5M (revenue -2.1% year-over-year).
- 2014: Revenue of $7.1M, expenses of $7.0M, and assets of $12.0M (revenue -1.7% year-over-year).
- 2013: Revenue of $7.2M, expenses of $7.2M, and assets of $12.4M (revenue -1.1% year-over-year).
- 2012: Revenue of $7.3M, expenses of $7.1M, and assets of $12.7M.
Data Sources and Methodology
This transparency report for Oak Hill Academy 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.