Oklahoma Foundation for Excellence

Analysis

Oklahoma Foundation for Excellence is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 1986, 40 years ago. 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, Oklahoma Foundation for Excellence reported income of $936k and spending of $915k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $853k to $936k (+9.7%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oklahoma Foundation for Excellence sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within OK. Charities of a similar size with the same main cause include Barbereux School Inc ($936k), Turtle Woods Corps ($936k) and Freehold Soccer League Inc ($936k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $113k (12% of expenses). Other salaries and wages came to $189k. At year end it held assets of $8.7m against liabilities of $15k, net assets of $8.6m. It reported 5 employees.