First United Methodist Church of Ada Foundation

Analysis

First United Methodist Church of Ada Foundation is a registered charity in United States, based in Ada, OK. It received its IRS tax-exemption ruling in January 1973, 53 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, First United Methodist Church of Ada Foundation reported income of $122k and spending of $39k, leaving 68% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $114k to $122k (+7.1%), an average of +1.7% a year. The sharpest change came in the year to April 2022, when income rose by 195%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First United Methodist Church of Ada Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within OK. Charities of a similar size with the same main cause include William and Irene Weinberg Family Foundation Inc ($122k), Denver Broncos Alumni Charities ($122k) and Niskayuna Girls Softball League Inc ($122k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 21% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.