Oklahoma Youth Literacy Program

Analysis

Oklahoma Youth Literacy Program is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 2020, Oklahoma Youth Literacy Program reported income of $1.3m and spending of $1.3m, spending 97% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $374k to $1.3m (+254%), an average of +254% a year. The sharpest change came in the year to December 2020, when income rose by 254%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Oklahoma Youth Literacy Program sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within OK. Charities of a similar size with the same main cause include Bayonne Pal Day Care Center Corp ($1.3m), Camp Taylor Inc ($1.3m) and Boys & Girls Clubs of Dumplin Valley Inc ($1.3m).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $36k (2.8% of expenses). Other salaries and wages came to $437k. At year end it held assets of $212k against liabilities of $176k, net assets of $36k. It reported 45 employees.