Owasso Community Resources Inc

Analysis

Owasso Community Resources Inc is a registered charity in United States, based in Owasso, OK. It received its IRS tax-exemption ruling in December 1995, 31 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 December 2023, Owasso Community Resources Inc reported income of $1.8m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.8m (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Owasso Community Resources Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within OK. Charities of a similar size with the same main cause include Chesterfield Public Education Foundation Inc ($1.8m), Montgomery County Community Foundation ($1.8m) and Mahaska Community Recreation Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $59k (3.4% of expenses). Other salaries and wages came to $43k. At year end it held assets of $245k against liabilities of $13k, net assets of $232k. It reported 5 employees.