Oklahoma Bioscience Institute

Analysis

Oklahoma Bioscience Institute 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 science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Oklahoma Bioscience Institute reported income of $251k and spending of $528k, spending 210% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $339k to $251k (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2020, when income dropped by 58%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oklahoma Bioscience Institute sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within OK. Charities of a similar size with the same main cause include Women in Media Inc ($251k), Saginaw Valley Naval Ship Museum Committee ($251k) and New Orchestra of Washington Inc ($251k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 39% of the total. Other salaries and wages came to $59k. At year end it held assets of $165k against liabilities of $116k, net assets of $49k.