Oklahoma Native Assets Coalition Inc

Analysis

Oklahoma Native Assets Coalition Inc 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 community improvement and capacity building, which this site groups under community and economic development. 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, Oklahoma Native Assets Coalition Inc reported income of $1.0m and spending of $844k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $420k to $1.0m (+148%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 187%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oklahoma Native Assets Coalition Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OK. Charities of a similar size with the same main cause include American Bankers Association Community Engagement Foundation ($1.0m), Dress for Success Twin Cities ($1.0m) and Missouri Works Initiative ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $116k (14% of expenses). Other salaries and wages came to $25k. At year end it held assets of $2.8m against liabilities of $12k, net assets of $2.8m. It reported 2 employees.