Love Family Affiliated Fund of the Oklahoma City Community Foundation

Analysis

Love Family Affiliated Fund of the Oklahoma City Community Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in July 2001, 25 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 June 2023, Love Family Affiliated Fund of the Oklahoma City Community Foundation reported income of $2.5m and spending of $3.8m, spending 153% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.2m to $2.5m (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2022, when income dropped by 26%. Over the whole period it spent 159% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Love Family Affiliated Fund of the Oklahoma City Community Foundation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OK. Charities of a similar size with the same main cause include El Rio Health Center Foundation Inc ($2.5m), Chive Charities ($2.5m) and Community Foundation of Monroe County ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% of the total. At year end it held assets of $11.8m against liabilities of $22k, net assets of $11.8m.

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.