Oak Ridge Associated Universities Inc

Analysis

Oak Ridge Associated Universities Inc is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in October 1948, 78 years ago. 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 September 2023, Oak Ridge Associated Universities Inc reported income of $123.9m and spending of $121.6m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $94.8m to $123.9m (+31%), an average of +6.9% a year. The sharpest change came in the year to September 2022, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oak Ridge Associated Universities Inc 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 99th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include American Athletic Conference ($123.4m), Acero Charter Schools Inc ($124.4m) and Center for Internet Security Inc ($123.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $6.9m (5.7% of expenses). Other salaries and wages came to $33.7m. At year end it held assets of $50.7m against liabilities of $29.3m, net assets of $21.5m. It reported 1,116 employees.