Community Food Bank of Eastern Oklahoma Inc

Analysis

Community Food Bank of Eastern Oklahoma Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 2023, Community Food Bank of Eastern Oklahoma Inc reported income of $53.8m and spending of $57.7m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $58.8m to $53.8m (-8.4%), an average of -2.2% a year. The sharpest change came in the year to June 2022, when income dropped by 41%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Food Bank of Eastern Oklahoma Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OK. Charities of a similar size with the same main cause include Cornerstones of Care ($53.8m), Brookville Center for Childrens Services Inc ($54.1m) and Catholic Charities of the Archdiocese of Miami Inc ($53.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $576k (1.0% of expenses). Other salaries and wages came to $5.1m. It paid $225k in professional fundraising fees. At year end it held assets of $63.4m against liabilities of $2.4m, net assets of $61.0m. It reported 131 employees.