Katheryne B Payne Education Center

Analysis

Katheryne B Payne Education Center is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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 August 2023, Katheryne B Payne Education Center reported income of $823k and spending of $903k, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $706k to $823k (+17%), an average of +3.9% a year. The sharpest change came in the year to August 2022, when income rose by 39%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Katheryne B Payne Education Center sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OK. Charities of a similar size with the same main cause include Fort Collins Waldorf Education Association Inc ($823k), Habonim Labor Zionist Youth ($823k) and Booth Manor Inc ($823k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 36% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $81k (9.0% of expenses). Other salaries and wages came to $364k. At year end it held assets of $3.0m against liabilities of $321k, net assets of $2.7m. It reported 29 employees.