Okmulgee Area Development Corporation

Analysis

Okmulgee Area Development Corporation is a registered charity in United States, based in Okmulgee, OK. It received its IRS tax-exemption ruling in September 1996, 30 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 2024, Okmulgee Area Development Corporation reported income of $355k and spending of $128k, leaving 64% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $383k to $355k (-7.5%), an average of -1.9% a year. The sharpest change came in the year to June 2023, when income rose by 203%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Okmulgee Area Development Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within OK. Charities of a similar size with the same main cause include Springfield Project ($354k), Construction Institute Inc ($355k) and National Assoc of Elementary School Principals Foundation ($354k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $51k (40% of expenses). Other salaries and wages came to $25k. At year end it held assets of $1.3m against liabilities of $1,329, net assets of $1.3m. It reported 2 employees.