Oakwood School Inc

Analysis

Oakwood School Inc is a registered charity in United States, based in Manalapan, NJ. It received its IRS tax-exemption ruling in June 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Oakwood School Inc reported income of $1.4m and spending of $1.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.4m (-32%), an average of -9.1% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oakwood School Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Charter School Property II Inc ($1.4m), Laramie Montessori School ($1.4m) and Naples Christian Academy Association Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $293k (21% of expenses). Other salaries and wages came to $689k. At year end it held assets of $300k against liabilities of $84k, net assets of $216k. It reported 15 employees.