Oakwood School Inc
Oakwood School Inc: Declining Revenue and Asset Base Raise Concerns
EIN: 222313945 · Manalapan, NJ · NTEE: B28Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.4M |
| Program Spending | 75% |
| Net Assets | $216K |
| Transparency Score | 65/100 |
Is Oakwood School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oakwood School Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Oakwood School Inc
Oakwood School Inc (EIN: 222313945) is a nonprofit organization based in Manalapan, NJ, classified under NTEE code B28Z. The organization reported total revenue of $1.6M and total assets of $362K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oakwood School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oakwood School Inc is a mid-size nonprofit that has been operating for 45 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-46,214 |
| Total Assets | $300K |
| Total Liabilities | $84K |
| Net Assets | $216K |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 27.9% |
| Months of Reserves | 2.6 months |
Financial Health Grade: C
In 2023, Oakwood School Inc reported a deficit of $46K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 27.9% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Oakwood School Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.6% | -17.2% | -45.1% |
| 2022 | -9.3% | -7.6% | -6.4% |
| 2021 | -5.7% | -5.4% | +4.9% |
| 2020 | -1.9% | -2.3% | -16.6% |
| 2019 | +2.8% | +2.8% | +35.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Oakwood School Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Oakwood School Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $46K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.9%.
Executive Compensation Analysis
Without specific compensation figures for key employees, a detailed assessment of executive compensation is not possible; however, the overall financial trend suggests a need for prudent management of all expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Oakwood School Inc's IRS 990 filings:
- Consistent net losses: Expenses have exceeded revenue in multiple years (e.g., 202306: revenue $1,363,105 vs. expenses $1,409,319; 202206: revenue $1,674,307 vs. expenses $1,702,041).
- Declining assets: Total assets have decreased significantly from $667,654 in 201906 to $300,032 in 202306.
- Shrinking revenue: Revenue has steadily declined from $1,996,286 in 201906 to $1,363,105 in 202306.
Strengths
The following positive indicators were identified for Oakwood School Inc:
- Long operational history indicated by multiple years of financial filings.
- Consistent reporting of financial data, allowing for trend analysis.
Frequently Asked Questions about Oakwood School Inc
Is Oakwood School Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Oakwood School Inc (EIN: 222313945) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Oakwood School Inc spend its money?
Oakwood School Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Oakwood School Inc tax-deductible?
Oakwood School Inc is registered as a tax-exempt nonprofit (EIN: 222313945). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Oakwood School Inc's spending goes to programs?
Oakwood School Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Oakwood School Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Oakwood School Inc is above average for NTEE category B28Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Oakwood School Inc located?
Oakwood School Inc is headquartered in Manalapan, New Jersey and files with the IRS under EIN 222313945. It is classified under NTEE code B28Z.
How many years of IRS 990 filings does Oakwood School Inc have?
Oakwood School Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.6M in total revenue.
What does Oakwood School Inc do?
Oakwood School Inc is a nonprofit organization in the Education sector, located in Manalapan, New Jersey. It is classified under NTEE code B28Z.
How much revenue does Oakwood School Inc have?
Oakwood School Inc reported total revenue of $1,609,251. Based on 12 IRS 990 filings on record.
What are Oakwood School Inc's total assets?
Oakwood School Inc holds total assets of $362,431 as reported in IRS 990 filings.
Where is Oakwood School Inc located?
Oakwood School Inc is based in Manalapan, New Jersey.
What is Oakwood School Inc's EIN?
Oakwood School Inc's Employer Identification Number (EIN) is 222313945. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Oakwood School Inc?
Oakwood School Inc is classified under NTEE code B28Z (Education).
Is Oakwood School Inc a registered 501(c)(3)?
Yes, Oakwood School Inc is recognized as a tax-exempt organization by the IRS. EIN: 222313945.
Does Oakwood School Inc file IRS Form 990?
Yes, Oakwood School Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Oakwood School Inc's revenue in 2023?
In the 202306 filing period, Oakwood School Inc reported total revenue of $1,363,105, total expenses of $1,409,319, and net assets of $300,032.
Is Oakwood School Inc's revenue growing or declining?
Oakwood School Inc's revenue is declining. Revenue went from $1,674,307 (202206) to $1,363,105 (202306), a -18.6% change. Based on 12 filings on record.
What is Oakwood School Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Oakwood School Inc covers tax period 202306. It shows revenue of $1,363,105, expenses of $1,409,319, total assets of $300,032, and liabilities of $83,741.
How much does Oakwood School Inc spend on programs vs administration?
Based on IRS 990 analysis, Oakwood School Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Oakwood School Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Oakwood School Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Oakwood School Inc?
The following concerns were identified: Consistent net losses: Expenses have exceeded revenue in multiple years (e.g., 202306: revenue $1,363,105 vs. expenses $1,409,319; 202206: revenue $1,674,307 vs. expenses $1,702,041).. Declining assets: Total assets have decreased significantly from $667,654 in 201906 to $300,032 in 202306.. Shrinking revenue: Revenue has steadily declined from $1,996,286 in 201906 to $1,363,105 in 202306.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Oakwood School Inc's strengths?
Positive indicators for Oakwood School Inc include: Long operational history indicated by multiple years of financial filings.. Consistent reporting of financial data, allowing for trend analysis.. These findings are derived from AI analysis of the organization's financial filings.
How does Oakwood School Inc compensate executives?
Without specific compensation figures for key employees, a detailed assessment of executive compensation is not possible; however, the overall financial trend suggests a need for prudent management of all expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is the primary driver behind the consistent decline in total assets, and what measures are being taken to reverse this trend?
The primary driver appears to be the consistent expenditure exceeding revenue, leading to net losses that deplete the asset base. For example, in 202306, expenses were $1,409,319 while revenue was $1,363,105. Without further operational details, specific measures to reverse this trend are unclear.
Given the significant reduction in revenue over the past five years, what strategic adjustments has Oakwood School Inc. implemented to stabilize its income streams?
Revenue has dropped from nearly $2 million in 201906 to $1.36 million in 202306. The provided data does not detail specific strategic adjustments, but this trend suggests a critical need for new fundraising or program income strategies to ensure long-term viability.
Filing History
IRS 990 filing history for Oakwood School Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Oakwood School Inc's revenue has declined by 11.7%, moving from $1.5M to $1.4M. Total assets decreased by 20.5% over the same period, from $377K to $300K. Total functional expenses fell by 7.2%, from $1.5M to $1.4M. In its most recent filing year (2023), Oakwood School Inc reported a deficit of $46K, with expenses exceeding revenue. The organization holds $84K in liabilities against $300K in assets (debt-to-asset ratio: 27.9%), resulting in net assets of $216K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.4M | $300K | $84K | — | — |
| 2022 | $1.7M | $1.7M | $547K | $284K | — | View 990 |
| 2021 | $1.8M | $1.8M | $584K | $294K | — | View 990 |
| 2020 | $2.0M | $1.9M | $557K | $270K | — | View 990 |
| 2019 | $2.0M | $2.0M | $668K | $392K | — | View 990 |
| 2018 | $1.9M | $1.9M | $493K | $214K | — | View 990 |
| 2017 | $1.8M | $1.8M | $516K | $241K | — | View 990 |
| 2016 | $1.9M | $1.9M | $446K | $174K | — | View 990 |
| 2015 | $1.7M | $1.7M | $373K | $128K | — | View 990 |
| 2014 | $1.6M | $1.6M | $384K | $142K | — | View 990 |
| 2013 | $1.7M | $1.6M | $416K | $170K | — | View 990 |
| 2012 | $1.5M | $1.5M | $377K | $138K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.4M, and assets of $300K (revenue -18.6% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $547K (revenue -9.3% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.8M, and assets of $584K (revenue -5.7% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.9M, and assets of $557K (revenue -1.9% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.0M, and assets of $668K (revenue +2.8% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.9M, and assets of $493K (revenue +5.4% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.8M, and assets of $516K (revenue -2.5% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.9M, and assets of $446K (revenue +11.5% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $373K (revenue +6.8% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $384K (revenue -3.9% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.6M, and assets of $416K (revenue +7.0% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $377K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oakwood School Inc:
Data Sources and Methodology
This transparency report for Oakwood School Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.