Foster Care Association of Oklahoma Inc

Analysis

Foster Care Association of Oklahoma Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foster Care Association of Oklahoma Inc reported income of $242k and spending of $272k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $291k to $242k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Care Association of Oklahoma Inc sits at the 52nd percentile: it is larger than about 52% 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 Southside Senior Services Inc ($242k), Treasure Valley Path Inc ($242k) and Give Clean Water Inc ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $69k (26% of expenses). At year end it held assets of $330k against liabilities of $7,007, net assets of $323k. It reported 2 employees.