Southern Oklahoma Library System Incorporated

Analysis

Southern Oklahoma Library System Incorporated is a registered charity in United States, based in Ardmore, OK. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southern Oklahoma Library System Incorporated reported income of $3.1m and spending of $1.8m, leaving 43% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $3.1m (+56%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern Oklahoma Library System Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OK. Charities of a similar size with the same main cause include Northeast Community College Foundation ($3.1m), Friends and Foundation of the Rochester Public Library ($3.1m) and New Jersey Seeds Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.0% of the total. Other salaries and wages came to $983k. At year end it held assets of $5.8m against liabilities of $3,742, net assets of $5.8m. It reported 31 employees.