Oklahoma Alliance for Manufacturing Excellence Inc

Analysis

Oklahoma Alliance for Manufacturing Excellence Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Oklahoma Alliance for Manufacturing Excellence Inc reported income of $4.1m and spending of $4.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $4.1m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oklahoma Alliance for Manufacturing Excellence Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OK. Charities of a similar size with the same main cause include Denver Civic Ventures Inc ($4.1m), Atlanta Electrical Joint Apprenticeship & Training Committe ($4.1m) and Local 26 Educational Development Trust ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $723k (18% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.2m against liabilities of $772k, net assets of $2.5m. It reported 18 employees.