Oklahoma Heart Hospital Research Foundation

Analysis

Oklahoma Heart Hospital Research Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 Heart Hospital Research Foundation reported income of $1.0m and spending of $1.2m, spending 118% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.1m to $1.0m (-2.3%), an average of -0.5% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oklahoma Heart Hospital Research Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OK. Charities of a similar size with the same main cause include Impact Melanoma Inc ($1.0m), Institute for Healthcare Optimization Inc ($1.0m) and Michelles Place ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $318k (26% of expenses). Other salaries and wages came to $266k. At year end it held assets of $1.4m against liabilities of $7,943, net assets of $1.4m. It reported 9 employees.