Oklahoma Wheat Research Foundation Inc

Analysis

Oklahoma Wheat Research Foundation Inc is a registered charity in United States, based in Waukomis, OK. It received its IRS tax-exemption ruling in March 1954, 72 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2024, Oklahoma Wheat Research Foundation Inc reported income of $409k and spending of $409k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $515k to $409k (-21%), an average of -5.6% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oklahoma Wheat Research Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within OK. Charities of a similar size with the same main cause include Forward Horizons Inc ($409k), Esarc Inc ($409k) and Community Kitchen Inc of Myrtle Beach ($409k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $10k (2.4% of expenses). At year end it held assets of $97k against liabilities of $0, net assets of $97k.

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.