Scott and Kim Verplank Foundation

Analysis

Scott and Kim Verplank Foundation is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Scott and Kim Verplank Foundation reported income of $134k and spending of $163k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $141k to $134k (-4.5%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scott and Kim Verplank Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within OK. Charities of a similar size with the same main cause include Eric S Smith School PTO ($134k), American Friends of Johannesburg Cheder Inc ($134k) and Leadership Stockton Alumni Association ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $205k against liabilities of $0, net assets of $205k.