Municipal Electric Systems of Oklahoma

Analysis

Municipal Electric Systems of Oklahoma is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Municipal Electric Systems of Oklahoma reported income of $447k and spending of $428k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $398k to $447k (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Municipal Electric Systems of Oklahoma sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within OK. Charities of a similar size with the same main cause include Inland Valley Repertory Theatre Inc ($447k), Habitat for Humanity International Inc ($447k) and New Mt Sinai Cemetery Association ($447k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $552k against liabilities of $0, net assets of $552k.