Oklahoma Center for Nonprofits Inc

Analysis

Oklahoma Center for Nonprofits Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in October 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 2023, Oklahoma Center for Nonprofits Inc reported income of $10.4m and spending of $2.5m, leaving 76% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $10.4m (+403%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 263%. Over the whole period it spent 41% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oklahoma Center for Nonprofits Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OK. Charities of a similar size with the same main cause include Liuna Training of Michigan Fund ($10.4m), Community Vision Capital & Consulting ($10.4m) and Boston Private Industry Council Inc the ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $246k (9.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $14.4m against liabilities of $1.4m, net assets of $13.0m. It reported 32 employees.