Oklahoma City Innovation District Inc

Analysis

Oklahoma City Innovation District Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 1967, 59 years ago. Its declared purposes cover health care, 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 December 2023, Oklahoma City Innovation District Inc reported income of $1.6m and spending of $2.0m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $634k to $1.6m (+149%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oklahoma City Innovation District Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within OK. Charities of a similar size with the same main cause include Wellness AIDS Services Inc ($1.6m), Pediatric Interim Care Center Inc ($1.6m) and Lake County Ambulance Service ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $160k (8.0% of expenses). Other salaries and wages came to $584k. At year end it held assets of $1.5m against liabilities of $325k, net assets of $1.2m. It reported 11 employees.

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.