Oklahoma City Economic Development Foundation Inc

Analysis

Oklahoma City Economic Development Foundation Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in July 1981, 45 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Oklahoma City Economic Development Foundation Inc reported income of $4.7m and spending of $4.2m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $4.7m (+165%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oklahoma City Economic Development Foundation Inc 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 92nd percentile, and in the 93rd percentile within OK. Charities of a similar size with the same main cause include Jamestown Center City Development Corporation ($4.7m), Opencape Corporation ($4.7m) and Aerospace Machinists Joint Trainiing Committee ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $3.2m against liabilities of $1.4m, net assets of $1.8m.