Sooners Helping Sooners Inc

Analysis

Sooners Helping Sooners Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Sooners Helping Sooners Inc reported income of $280k and spending of $256k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $271k to $280k (+3.0%), an average of +0.7% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sooners Helping Sooners Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within OK. Charities of a similar size with the same main cause include Purple Heart Project ($280k), Grow Utah Ventures Inc ($280k) and Cultivala Inc ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Compensation of current officers, directors and key employees was $120k (47% of expenses). Other salaries and wages came to $33k. At year end it held assets of $54k against liabilities of $4,838, net assets of $49k. It reported 3 employees.