Southeast Oklahoma Community Development Corporation

Analysis

Southeast Oklahoma Community Development Corporation is a registered charity in United States, based in Hugo, OK. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southeast Oklahoma Community Development Corporation reported income of $94k and spending of $83k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $94k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southeast Oklahoma Community Development Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within OK. Charities of a similar size with the same main cause include Oak Place Inc ($94k), Tse Koo Housing Corporation ($94k) and Grand Avenue Ecdc Housing Inc ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 6.1% of the total. Other salaries and wages came to $34k. At year end it held assets of $721k against liabilities of $715k, net assets of $6,095.