Carl Albert State College Development Foundation

Analysis

Carl Albert State College Development Foundation is a registered charity in United States, based in Poteau, OK. It received its IRS tax-exemption ruling in May 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Carl Albert State College Development Foundation reported income of $1.3m and spending of $913k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.3m (+6.6%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income dropped by 41%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carl Albert State College Development Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within OK. Charities of a similar size with the same main cause include International Society of Transport ($1.3m), Redefiners World Languages Inc ($1.3m) and Henry County Private School Foundation Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 26% of the total. At year end it held assets of $12.0m against liabilities of $31k, net assets of $12.0m.