Northeast Oklahoma Electric Cooperative Foundation Inc

Analysis

Northeast Oklahoma Electric Cooperative Foundation Inc is a registered charity in United States, based in Vinita, OK. It received its IRS tax-exemption ruling in August 1998, 28 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, Northeast Oklahoma Electric Cooperative Foundation Inc reported income of $157k and spending of $180k, spending 115% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $153k to $157k (+2.9%), an average of +1.5% a year. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northeast Oklahoma Electric Cooperative Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within OK. Charities of a similar size with the same main cause include Rea Foundation Inc ($157k), Rotary Camp Pendleton Foundation ($157k) and Fkec Members Charitable Trust Inc ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.