Friends of the Oklahoma History Center Inc

Analysis

Friends of the Oklahoma History Center Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Friends of the Oklahoma History Center Inc reported income of $148k and spending of $335k, spending 227% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $252k to $148k (-41%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 172%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Oklahoma History Center 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 47th percentile, and in the 47th percentile within OK. Charities of a similar size with the same main cause include Tempus Projects Inc ($148k), Calistoga Art Center Inc ($148k) and Metropolitan Repertory Company Inc ($148k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $331k against liabilities of $0, net assets of $331k.

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.