The Spirit of Okoboji

Analysis

The Spirit of Okoboji is a registered charity in United States, based in Okoboji, IA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, The Spirit of Okoboji reported income of $300k and spending of $246k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $559k to $300k (-46%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 33% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, The Spirit of Okoboji sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include Ecosystem Sciences Foundation ($300k), American Camellia Society Trust Inc ($301k) and Outdoor Heritage Foundation ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $114k (46% of expenses). Other salaries and wages came to $9,768. At year end it held assets of $1.2m against liabilities of $7,390, net assets of $1.1m. It reported 13 employees.