Oral Roberts University

Analysis

Oral Roberts University is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in January 1964, 62 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 April 2023, Oral Roberts University reported income of $184.0m and spending of $157.6m, spending 86% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $147.2m to $184.0m (+25%), an average of +5.7% a year. The sharpest change came in the year to April 2022, when income rose by 25%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oral Roberts University 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 100th percentile, and in the 100th percentile within OK. Charities of a similar size with the same main cause include Iona University ($183.3m), Kansas State University Foundation ($185.3m) and Tuskegee University ($183.1m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 31% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $1.7m (1.1% of expenses). Other salaries and wages came to $38.3m. It paid $35k in professional fundraising fees. At year end it held assets of $288.0m against liabilities of $38.0m, net assets of $250.0m. It reported 2,085 employees.