George Kaiser Family Foundation

Analysis

George Kaiser Family Foundation is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in February 2000, 26 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, George Kaiser Family Foundation reported income of $736.2m and spending of $263.3m, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $451.2m to $736.2m (+63%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 281%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, George Kaiser Family Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OK. Charities of a similar size with the same main cause include Rockefeller Philanthropy Advisors Inc ($644.9m), Charities Aid Foundation America ($816.4m) and Donors Fund Inc ($629.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $2.0m (0.8% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $4.94bn against liabilities of $209.6m, net assets of $4.73bn. It reported 492 employees.