Downtown Oklahoma City Initiatives Inc

Analysis

Downtown Oklahoma City Initiatives Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Downtown Oklahoma City Initiatives Inc reported income of $110k and spending of $39k, leaving 65% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $247k to $110k (-55%), an average of -18% a year. The sharpest change came in the year to September 2023, when income rose by 70%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Oklahoma City Initiatives Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within OK. Charities of a similar size with the same main cause include Berks Business Education Coalition ($110k), Mercy Ministries ($110k) and Main Street Duncan Inc ($110k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 146% of the total. At year end it held assets of $626k against liabilities of $816, net assets of $625k.