Malzahn Family Affiliated Fund of the Ok City Community Foundation

Analysis

Malzahn Family Affiliated Fund of the Ok City Community Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in December 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Malzahn Family Affiliated Fund of the Ok City Community Foundation reported income of $736k and spending of $2.0m, spending 276% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $612k to $736k (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2020, when income rose by 113%. Over the whole period it spent 179% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Malzahn Family Affiliated Fund of the Ok City Community Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OK. Charities of a similar size with the same main cause include Hattiesburg Area Senior Services Inc ($736k), Volunteers of America Inc ($736k) and Native American Indian Association of Tennessee ($736k).

At year end it held assets of $124.7m against liabilities of $271k, net assets of $124.4m.

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.