Oakwell Academy

Analysis

Oakwell Academy is a registered charity in United States, based in College Sta, TX. It received its IRS tax-exemption ruling in September 2014, 12 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, Oakwell Academy reported income of $720k and spending of $675k, spending 94% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $210k to $720k (+243%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oakwell Academy sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Friends and Foundation of the Princeton Public Library Inc ($720k), Training Solutions for Construction & Industry ($720k) and Mercy Education Foundation ($720k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $71k (11% of expenses). Other salaries and wages came to $452k. At year end it held assets of $696k against liabilities of $399k, net assets of $297k. It reported 53 employees.