Oakland City University

Analysis

Oakland City University is a registered charity in United States, based in Oakland City, IN. It received its IRS tax-exemption ruling in June 1934, 92 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 May 2023, Oakland City University reported income of $23.0m and spending of $27.4m, spending 119% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $29.8m to $23.0m (-23%), an average of -8.2% a year. The sharpest change came in the year to May 2023, when income dropped by 22%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oakland City University sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Way to Rise ($23.0m), Ivy Tech Foundation Inc ($23.0m) and Speyer Legacy School ($23.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 17% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $564k (2.1% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $58.9m against liabilities of $20.5m, net assets of $38.4m. It reported 572 employees.