Weokie Credit Union Foundation

Analysis

Weokie Credit Union Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Weokie Credit Union Foundation reported income of $252k and spending of $227k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $252k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Weokie Credit Union Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within OK. Charities of a similar size with the same main cause include Womens 5k Classic ($252k), Great Southwest Equestrian Foundation ($252k) and Peter W Stott Foundation 02-03-1999 ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $66k (29% of expenses). At year end it held assets of $405k against liabilities of $1,500, net assets of $403k.