Simmons Center Foundation

Analysis

Simmons Center Foundation is a registered charity in United States, based in Duncan, OK. It received its IRS tax-exemption ruling in September 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 June 2023, Simmons Center Foundation reported income of $2.4m and spending of $2.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.4m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2020, when income rose by 60%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Simmons Center Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within OK. Charities of a similar size with the same main cause include Santa Monica Mountains Fund ($2.4m), Friends to Parents ($2.4m) and LA Raza Centro Legal-San Francisco ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $86k (3.7% of expenses). Other salaries and wages came to $913k. At year end it held assets of $5.0m against liabilities of $314k, net assets of $4.7m. It reported 117 employees.