Oklahoma Medical Research Foundation

Analysis

Oklahoma Medical Research Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 2023, Oklahoma Medical Research Foundation reported income of $114.3m and spending of $108.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $96.5m to $114.3m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oklahoma Medical Research Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OK. Charities of a similar size with the same main cause include Carbon Schiylkill Community Hospital Inc ($114.3m), Monadnock Community Hospital ($114.4m) and Primary Health Network ($114.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $3.7m (3.4% of expenses). Other salaries and wages came to $32.0m. At year end it held assets of $485.9m against liabilities of $34.9m, net assets of $451.0m. It reported 639 employees.