Oklahoma Academy for State Goals

Analysis

Oklahoma Academy for State Goals is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in March 1998, 28 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oklahoma Academy for State Goals reported income of $790k and spending of $740k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $633k to $790k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oklahoma Academy for State Goals 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 76th percentile, and in the 78th percentile within OK. Charities of a similar size with the same main cause include Pritchard-Laughlin Center ($790k), Washington Heights Child Care Center ($790k) and Trustees of Purdue University ($790k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $198k (27% of expenses). Other salaries and wages came to $110k. At year end it held assets of $1.7m against liabilities of $100k, net assets of $1.6m. It reported 3 employees.