The Oklahoma Foundation for Career and Technology Education Inc

Analysis

The Oklahoma Foundation for Career and Technology Education Inc is a registered charity in United States, based in Stillwater, OK. It received its IRS tax-exemption ruling in October 1970, 56 years ago. 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, The Oklahoma Foundation for Career and Technology Education Inc reported income of $419k and spending of $215k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $419k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Oklahoma Foundation for Career and Technology Education Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within OK. Charities of a similar size with the same main cause include Georgia School Counselor Association Inc ($419k), Every Nations Churches Inc ($419k) and Kingsport Lifesaving Crew Inc ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 87% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.