Communities Foundation of Oklahoma Inc

Analysis

Communities Foundation of Oklahoma Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Communities Foundation of Oklahoma Inc reported income of $142.7m and spending of $123.4m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.4m to $142.7m (+891%), an average of +77% a year. The sharpest change came in the year to June 2021, when income rose by 390%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Communities Foundation of Oklahoma Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within OK. Charities of a similar size with the same main cause include Impact Investing Charitable Foundation Inc ($142.1m), The Community Foundation of Louisville Inc ($143.7m) and T Rowe Price Program for Charitable Giving Inc ($139.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $239k (0.2% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $195.6m against liabilities of $30.0m, net assets of $165.5m. It reported 26 employees.