Opportunities Industrialization Center of Oklahoma County Inc

Analysis

Opportunities Industrialization Center of Oklahoma County Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in February 1968, 58 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 June 2023, Opportunities Industrialization Center of Oklahoma County Inc reported income of $1.1m and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $389k to $1.1m (+172%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Opportunities Industrialization Center of Oklahoma County Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OK. Charities of a similar size with the same main cause include WV Hive Network Inc ($1.1m), Missouri Workers Center ($1.1m) and 360 Detroit ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $66k (5.9% of expenses). Other salaries and wages came to $663k. At year end it held assets of $525k against liabilities of $160k, net assets of $365k. It reported 53 employees.