Oklahoma Literacy Coalition Inc

Analysis

Oklahoma Literacy Coalition Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in October 1989, 37 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 December 2023, Oklahoma Literacy Coalition Inc reported income of $102k and spending of $107k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $102k to $102k (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. 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, Oklahoma Literacy Coalition Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within OK. Charities of a similar size with the same main cause include Tenco Foundation Inc ($102k), Bemidji Senior Center ($102k) and Reconciliation Ministries of Michigan ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Other salaries and wages came to $43k. At year end it held assets of $213k against liabilities of $1,729, net assets of $211k. It reported 1 employees.