Oklahoma State Fair Inc

Analysis

Oklahoma State Fair Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in January 1953, 73 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oklahoma State Fair Inc reported income of $26.0m and spending of $25.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.4m to $26.0m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oklahoma State Fair Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OK. Charities of a similar size with the same main cause include Pace of Southwest Michigan Inc ($26.0m), Young Mens Christian Association of the Pikes Peak Region ($26.1m) and Francis House Inc ($26.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.0m (4.0% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $36.0m against liabilities of $18.1m, net assets of $17.9m. It reported 583 employees.