Independent Opportunities Inc of Oklahoma

Analysis

Independent Opportunities Inc of Oklahoma is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Independent Opportunities Inc of Oklahoma reported income of $34.7m and spending of $33.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.0m to $34.7m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Opportunities Inc of Oklahoma sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OK. Charities of a similar size with the same main cause include Methodist Hospital Self Insurance Trust ($34.7m), Life at St Francis Healthcare Inc ($34.7m) and West Virginia Health Right Inc ($34.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $527k (1.6% of expenses). Other salaries and wages came to $22.6m. At year end it held assets of $22.8m against liabilities of $4.5m, net assets of $18.3m. It reported 902 employees.