United Way of Central Oklahoma

Analysis

United Way of Central Oklahoma is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 1952, 74 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, United Way of Central Oklahoma reported income of $19.2m and spending of $19.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.0m to $19.2m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Central Oklahoma sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OK. Charities of a similar size with the same main cause include Lacrosse Community Foundation ($19.2m), Jewish Federation of St Louis ($19.2m) and Cromwell Harbor Supporting Foundation Inc ($19.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $712k (3.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $31.3m against liabilities of $6.2m, net assets of $25.1m. It reported 57 employees.