Southeast Oklahoma Library System

Analysis

Southeast Oklahoma Library System is a registered charity in United States, based in McAlester, OK. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Southeast Oklahoma Library System reported income of $7.9m and spending of $5.6m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.4m to $7.9m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeast Oklahoma Library System sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within OK. Charities of a similar size with the same main cause include Summit Creek Academy ($7.9m), Nicholls State University Foundation ($7.9m) and The or Foundation Ltd ($7.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 82% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $15.8m against liabilities of $691k, net assets of $15.1m. It reported 79 employees.