Oklahoma Skynet Inc

Analysis

Oklahoma Skynet Inc is a registered charity in United States, based in Midwest City, OK. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Oklahoma Skynet Inc reported income of $26.3m and spending of $26.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.6m to $26.3m (+68%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oklahoma Skynet Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OK. Charities of a similar size with the same main cause include Heathwood Hall Episcopal School ($26.3m), Randolph College ($26.4m) and United States Naval Academy Alumni Assoc ($26.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. At year end it held assets of $4.7m against liabilities of $4.7m, net assets of $32k.