Oklahoma State Firemens Museum Inc

Analysis

Oklahoma State Firemens Museum Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in November 1966, 60 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 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 State Firemens Museum Inc reported income of $342k and spending of $300k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $605k to $342k (-43%), an average of -13% a year. The sharpest change came in the year to June 2020, when income dropped by 49%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oklahoma State Firemens Museum Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within OK. Charities of a similar size with the same main cause include True Skool Inc ($342k), Indianafirst Inc ($342k) and Hancock Center for Creative Arts Therapies Inc ($342k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $103k. At year end it held assets of $1.9m against liabilities of $3,989, net assets of $1.9m.