Oakwood School

Analysis

Oakwood School is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in September 1997, 29 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 reported income of $4.9m and spending of $4.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.5m to $4.9m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2020, when income dropped by 23%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oakwood School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Bethel University Foundation ($4.9m), The Peregrine Project ($4.9m) and Criswell College ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $194k (4.1% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $7.3m against liabilities of $3.3m, net assets of $4.0m. It reported 116 employees.