First Serve Okc Foundation

Analysis

First Serve Okc Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Serve Okc Foundation reported income of $479k and spending of $436k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $479k (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, First Serve Okc Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within OK. Charities of a similar size with the same main cause include Riverbend Stadium Authority Inc ($479k), Meridian Youth Baseballsoftball Inc ($479k) and Brookline Soccer Club Inc ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 116% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $153k (35% of expenses). Other salaries and wages came to $132k. At year end it held assets of $262k against liabilities of $11k, net assets of $251k. It reported 11 employees.