Oklahoma Mothers Milk Bank Inc

Analysis

Oklahoma Mothers Milk Bank Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 2011, 15 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 December 2023, Oklahoma Mothers Milk Bank Inc reported income of $709k and spending of $655k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $392k to $709k (+81%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oklahoma Mothers Milk Bank Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OK. Charities of a similar size with the same main cause include South Seneca Ambulance Corps ($708k), Physicians for Social Responsibility Pennsylvania Inc ($709k) and Awakening Angels ($708k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% of the total. Other salaries and wages came to $313k. At year end it held assets of $1.1m against liabilities of $2,209, net assets of $1.1m.