Cooperating Baptist Fellowship of Oklahoma Inc

Analysis

Cooperating Baptist Fellowship of Oklahoma Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Cooperating Baptist Fellowship of Oklahoma Inc reported income of $115k and spending of $150k, spending 131% of what it took in. Across the 5 years on record, from March 2018 to March 2023, income fell from $136k to $115k (-16%), an average of -4.2% a year. The sharpest change came in the year to March 2020, when income dropped by 32%. Over the whole period it spent 117% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cooperating Baptist Fellowship of Oklahoma Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within OK. Charities of a similar size with the same main cause include Pure Land Foundation ($115k), Soji Dedicated to the Study of Soto Zen Buddhism Inc ($115k) and City of Refuge ($115k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $12k (8.2% of expenses). Other salaries and wages came to $4,329. At year end it held assets of $1.3m against liabilities of $85k, net assets of $1.2m.