Oklahoma Foundation for Medical Quality Inc

Analysis

Oklahoma Foundation for Medical Quality Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Oklahoma Foundation for Medical Quality Inc reported income of $2.9m and spending of $2.5m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.5m to $2.9m (-36%), an average of -11% a year. The sharpest change came in the year to September 2020, when income dropped by 49%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oklahoma Foundation for Medical Quality Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OK. Charities of a similar size with the same main cause include Christian Healthcare Centers Inc ($2.9m), Autism Living Leisure & Education Nurturing Inc ($2.9m) and C3hie ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $282k (11% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.1m against liabilities of $992k, net assets of $3.1m. It reported 25 employees.