The Academies of Oklahoma Inc

Analysis

The Academies of Oklahoma Inc is a registered charity in United States, based in Seminole, OK. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Academies of Oklahoma Inc reported income of $4.2m and spending of $4.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $4.2m (+267%), an average of +38% a year. The sharpest change came in the year to June 2020, when income rose by 163%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Academies of Oklahoma Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OK. Charities of a similar size with the same main cause include Langston Charter Middle School Inc ($4.2m), United Christian Academy ($4.2m) and Countryside Montessori Schools Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 2.6% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $732k against liabilities of $226k, net assets of $506k. It reported 72 employees.