Central Oklahoma United Methodist Retirement Facility Inc

Analysis

Central Oklahoma United Methodist Retirement Facility Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Central Oklahoma United Methodist Retirement Facility Inc reported income of $31.9m and spending of $40.3m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.1m to $31.9m (+22%), an average of +5.2% a year. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Oklahoma United Methodist Retirement Facility Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OK. Charities of a similar size with the same main cause include The Mather Evanston ($31.9m), Marrakech Housing Options Inc ($32.0m) and Encompass Community Services ($31.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $599k (1.5% of expenses). Other salaries and wages came to $12.6m. At year end it held assets of $90.2m against liabilities of $127.8m, net assets of -$37.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.