Mission Norman Inc

Analysis

Mission Norman Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Mission Norman Inc reported income of $2.2m and spending of $1.4m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $672k to $2.2m (+235%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 111%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mission Norman Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within OK. Charities of a similar size with the same main cause include Homewardbound of the Grand Valley ($2.2m), Nevada County Housing Development Corporation ($2.2m) and Ascension Living Via Christi Village Georgetown ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $15k (1.1% of expenses). Other salaries and wages came to $64k. At year end it held assets of $2.1m against liabilities of $19k, net assets of $2.1m. It reported 7 employees.