Oberlin College

Analysis

Oberlin College is a registered charity in United States, based in Oberlin, OH. It received its IRS tax-exemption ruling in January 1948, 78 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, Oberlin College reported income of $344.0m and spending of $309.1m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $287.8m to $344.0m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oberlin College sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OH. Charities of a similar size with the same main cause include Johnson & Wales University ($342.6m), Babson College ($344.0m) and MCPHS University ($342.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $5.9m (1.9% of expenses). Other salaries and wages came to $73.7m. At year end it held assets of $1.90bn against liabilities of $447.7m, net assets of $1.45bn. It reported 2,958 employees.