Continental Resources Community Foundation Inc

Analysis

Continental Resources Community Foundation Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Continental Resources Community Foundation Inc reported income of $174k and spending of $171k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $163k to $174k (+6.9%), an average of +6.9% a year. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Continental Resources Community Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within OK. Charities of a similar size with the same main cause include Lucerne Alpine Seniors Inc ($174k), Latham Memorial Library Inc ($174k) and Great Bear Foundation ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.