Convenience Distributors of Oklahoma

Analysis

Convenience Distributors of Oklahoma is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in June 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Convenience Distributors of Oklahoma reported income of $112k and spending of $140k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $137k to $112k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Convenience Distributors of Oklahoma sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within OK. Charities of a similar size with the same main cause include American Society of Civil Engineers ($112k), Harold H Brittingham Memorial Library ($112k) and Transforming Education ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.