Catholic Foundation of Oklahoma Inc

Analysis

Catholic Foundation of Oklahoma Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catholic Foundation of Oklahoma Inc reported income of $5.4m and spending of $3.4m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $5.4m (+287%), an average of +40% a year. The sharpest change came in the year to June 2020, when income rose by 183%. Over the whole period it spent 38% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catholic Foundation of Oklahoma Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within OK. Charities of a similar size with the same main cause include Premier Health Partners ($5.4m), Family Promise of Spokane ($5.4m) and Friends of Hong Kong Charities Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $87k (2.6% of expenses). Other salaries and wages came to $364k. At year end it held assets of $76.8m against liabilities of $46.8m, net assets of $30.0m. It reported 9 employees.