Oklahoma Geological Foundation

Analysis

Oklahoma Geological Foundation is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Oklahoma Geological Foundation reported income of $242k and spending of $243k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $411k to $242k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oklahoma Geological Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within OK. Charities of a similar size with the same main cause include Family Summer Inc ($241k), Discovery Bridge Preschool ($242k) and Santa Barbara Alternatives to Violence Project ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.