Oklahoma Halfway House Inc

Analysis

Oklahoma Halfway House Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in November 1966, 60 years ago. Its declared purposes cover mental health and crisis intervention, 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 Halfway House Inc reported income of $1.0m 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 fell from $2.5m to $1.0m (-60%), an average of -20% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 121% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oklahoma Halfway House Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within OK. Charities of a similar size with the same main cause include JMH Resource Management Company Inc ($1.0m), Pathfinders Inc ($1.0m) and John F Kennedy Center Inc Team Organization ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $109k (10% of expenses). Other salaries and wages came to $298k. At year end it held assets of $1.5m against liabilities of $145k, net assets of $1.4m. It reported 14 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.