SFS Development Inc

Analysis

SFS Development Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, SFS Development Inc reported income of $5.3m and spending of $4.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $5.3m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, SFS Development Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within OK. Charities of a similar size with the same main cause include Small Business Majority Foundation Inc ($5.3m), Community Development Corporation of Oregon ($5.3m) and Arcata Economic Development Corporation ($5.3m).

At year end it held assets of $42.2m against liabilities of $31.3m, net assets of $10.8m.