Oakwood University Inc

Analysis

Oakwood University Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in April 1947, 79 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Oakwood University Inc reported income of $67.3m and spending of $77.0m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $63.6m to $67.3m (+5.9%), an average of +1.4% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oakwood University Inc sits at the 99th 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 AL. Charities of a similar size with the same main cause include West Virginia Health Care Cooperative Inc ($67.2m), Loras College ($67.4m) and Comunilife Inc ($67.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $520k (0.7% of expenses). Other salaries and wages came to $18.2m. At year end it held assets of $111.4m against liabilities of $34.3m, net assets of $77.1m. It reported 1,328 employees.