Oakwood University Inc
7000 Adventist Blvd NW, Huntsville, AL · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $76,433,326 | $71,376,645 | $81,619,968 |
| FY2024 | $71,851,223 | $75,491,477 | $75,285,168 |
| FY2023 | $67,340,745 | $77,013,728 | $77,148,787 |
| FY2022 | $68,745,212 | $72,386,999 | $84,637,054 |
| FY2021 | $64,178,393 | $61,467,355 | $93,555,220 |
| FY2020 | $65,439,596 | $64,752,168 | $85,253,558 |
| FY2019 | $63,581,649 | $62,216,416 | $84,733,502 |
| FY2018 | $62,425,532 | $60,681,506 | $83,220,042 |
| FY2017 | $60,605,674 | $57,971,822 | $80,641,656 |
| FY2016 | $60,732,332 | $58,396,037 | $76,175,558 |
| FY2015 | $64,335,232 | $59,059,088 | $74,836,668 |
| FY2014 | $60,568,302 | $58,243,489 | $69,507,048 |
| FY2013 | $58,689,847 | $54,014,572 | $65,850,525 |
| FY2012 | $58,307,057 | $54,895,323 | $60,221,690 |
Form 990 filings
The returns filed by Oakwood University Inc (EIN 63-0366652), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $34,536,036 | 45% |
| Program service revenue | $38,533,331 | 50% |
| Other revenue | $3,363,959 | 4% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $49,422,080 | 69% |
| Management & general | $21,132,515 | 30% |
| Fundraising | $822,050 | 1% |
What the numbers show
- Program service revenue made up 50% of total revenue in FY2025.
- Program services accounted for 69% of functional expenses, management & general 30%, and fundraising 1%.
- 69% of functional expenses went to program services in FY2025.
- Net assets covered about 13.7 months of expenses at the end of the reporting year.
- Total revenue rose from $58,307,057 in FY2012 to $76,433,326 in FY2025. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2022, FY2023, FY2024).
- Net assets grew from $60,221,690 to $81,619,968 between FY2012 and FY2025.
- Contributions and grants made up 31% of revenue in FY2012 and 45% in FY2025.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
OAKWOOD UNIVERSITY, A HISTORICALLY BLACK SEVENTH-DAY ADVENTIST INSTITUTION OF HIGHER LEARNING, PROVIDES QUALITY CHRISTIAN EDUCATION THAT EMPHASIZES ACADEMIC EXCELLENCE; PROMOTES HARMONIOUS DEVELOPMENT OF MIND, BODY AND SPIRIT; AND PREPARES LEADERS IN SERVICE FOR GOD AND HUMANITY.
IRS status
| Ruling year | 1947 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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