Oklahoma Library Association

Analysis

Oklahoma Library Association is a registered charity in United States, based in Clinton, OK. It received its IRS tax-exemption ruling in March 1963, 63 years ago. 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 June 2023, Oklahoma Library Association reported income of $219k and spending of $208k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $193k to $219k (+14%), an average of +3.2% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oklahoma Library Association sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within OK. Charities of a similar size with the same main cause include West End Fire Co No 2 ($219k), Timothy J Tuomey Trust ($219k) and Kentuckians for Community Valves Inc ($219k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. At year end it held assets of $641k against liabilities of $2,714, net assets of $639k.