Chancellor Masters & Scholars of the University of Oxford
Also known as Oxford University
Chancellor Masters & Scholars of the University of Oxford reported $3.76 billion in revenue and $3.86 billion in expenses for the fiscal year ending July 31, 2025. Of every $100 it spent, $97.07 went to program services, $2.21 to management and general costs and $0.72 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 60.9% of the total. Government grants made up 21.4%. The highest compensation it reported for one person was $1,486,174 (Chief Executive of Oxford University Press). 2,614 people received more than $100,000 in reportable compensation. Revenue rose 25% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending July 31, 2025 · Form 990, Part IX, line 25 · total expenses $3.86BFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending July 31, 2025 · Form 990, Part VIII · total revenue $3.76BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 97.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 2.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.7% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 28.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 21.4% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 60.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,486,174 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.04% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 2,614 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 27.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 5 of 28 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseEducation: 2024-25 HIGHLIGHTS * 26,025 students at Oxford, including 12,375 undergraduates and 13,650 postgraduates * Almost one in four (2,445) UK full-time undergraduates at the University currently receive an annual, non-repayable bursary. * 1,543 graduate students were in receipt of a scholarship, with over $81m disbursed in stipend and fee costs. In 2024/25, the University continued to enhance its undergraduate financial support package, allocating over $14m in bursary support to UK students from lower income-households. Scholarships also play a key role in attracting and retaining the…
Research: * For the tenth consecutive year, ranked first in the Times Higher Education (THE) worldwide ranking of universities (both overall and for the research environment) * Oxford is the recipient of the highest quality-related recurrent funding for research of any UK university in 2024/25 * In 2023/24 (the last year for which data is available) Oxford University retained top spot as the leading UK academic institution for generating spinouts The University research activity is extensive, engaging over 2,000 academics, more than 5,100 research staff and 7,350 postgraduate research…
Academic and Educational Publishing: 2024-25 HIGHLIGHTS * Over 180m people visited the Oxford Academic platform * Major awards won by academic titles include the Pulitzer Prize for History and the Erwin N Griswold Prize from the Supreme Court Historical Society * Reached 58m learners across 160 countries through educational publishing * The Press now publishes more than 150 journals, 34,000 articles and 100 books open access Through Oxford University Press, the University serves three core publishing markets: Research, the Learning of English, and Education, and is committed to creating high…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Chief Executive of Oxford University Press Key employee, 40.0 hrs/week | $1,486,174 | $0 | $0 | $1,486,174 |
| OUP - Managing Director - Education Highest compensated employee, 40.0 hrs/week | $885,375 | $0 | $8,854 | $894,229 |
| OUP - Managing Director - Academic Highest compensated employee, 40.0 hrs/week | $850,147 | $0 | $8,854 | $859,001 |
| Deputy Dean, SBS Highest compensated employee, 40.0 hrs/week | $651,478 | $0 | $35,439 | $686,917 |
| Dean and Professor of Management, SBS Highest compensated employee, 40.0 hrs/week | $598,060 | $0 | $69,725 | $667,785 |
| Vice-Chancellor Director/trustee, officer, 40.0 hrs/week | $563,591 | $0 | $66,058 | $629,649 |
| Professor of Financial Economics, SBS Highest compensated employee, 40.0 hrs/week | $551,606 | $0 | $46,561 | $598,167 |
| Group Finance Director, OUP Key employee, 40.0 hrs/week | $475,196 | $0 | $47,231 | $522,427 |
2,614 people received more than $100,000 in reportable compensation from Chancellor Masters & Scholars of the University of Oxford (Part VII, line 2). Compensation of current officers, directors and key employees totaled $6.8M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b28 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 65
Private foundation grants it received
1 private foundation reported grants to Chancellor Masters & Scholars of the University of Oxford totaling $2.7M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Chancellor Masters & Scholars of the University of Oxford's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Chancellor Masters & Scholars of the University of Oxford, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Chancellor Masters & Scholars of the University of Oxford spent in FY2025, $97.07 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- University of PittsburghPittsburgh, PA · revenue $3.57B · programs 90.4% · FY2025
- Icahn School of Medicine at Mount SinaiNew York, NY · revenue $4.49B · programs 88.5% · 2024
- California Institute of TechnologyPasadena, CA · revenue $3.53B · programs 95.5% · FY2025
- Duke UniversityDurham, NC · revenue $4.75B · programs 89.7% · FY2025
- Trustees of Boston UniversityBoston, MA · revenue $3.51B · programs 90.9% · FY2025
Questions people ask
How much of Chancellor Masters & Scholars of the University of Oxford's spending goes to programs?
In the fiscal year ending July 31, 2025, Chancellor Masters & Scholars of the University of Oxford reported that 97.1% of its $3.86 billion in expenses went to program services, 2.2% to management and general and 0.7% to fundraising (Form 990, Part IX).
How much does Chancellor Masters & Scholars of the University of Oxford pay its top executive?
The largest total compensation Chancellor Masters & Scholars of the University of Oxford reported for one person in the fiscal year ending July 31, 2025 was $1,486,174, for the role of Chief Executive of Oxford University Press (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Chancellor Masters & Scholars of the University of Oxford get its money?
Of $3.76 billion in revenue in the fiscal year ending July 31, 2025, 28.9% came from contributions and grants (including 21.4% from government grants) and 60.9% from program service revenue (Form 990, Part VIII).
Is Chancellor Masters & Scholars of the University of Oxford a registered charity?
The IRS lists EIN 98-6001062 as a 501(c)(3) organization (school). Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending July 31, 2025, object 202601639349301540 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending July 31, 2024, object 202541639349301524 · read the filing
- FY2023: Form 990 for the fiscal year ending July 31, 2023, object 202411239349300806 · read the filing
- FY2022: Form 990 for the fiscal year ending July 31, 2022, object 202321649349301147 · read the filing
- FY2021: Form 990 for the fiscal year ending July 31, 2021, object 202221649349300617 · read the filing
- FY2020: Form 990 for the fiscal year ending July 31, 2020, object 202131619349300333 · read the filing
All filings for EIN 98-6001062: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.