Oglethorpe University Inc

Analysis

Oglethorpe University Inc is a registered charity in United States, based in Brookhaven, GA. It received its IRS tax-exemption ruling in January 1936, 90 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, Oglethorpe University Inc reported income of $79.6m and spending of $79.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $58.9m to $79.6m (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oglethorpe University Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Social Good Fund Inc ($79.5m), Cornell College ($79.8m) and Stony Brook Foundation Inc ($79.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $700k (0.9% of expenses). Other salaries and wages came to $19.8m. At year end it held assets of $129.9m against liabilities of $10.4m, net assets of $119.5m. It reported 711 employees.