Oklahoma Energy Football Club

Analysis

Oklahoma Energy Football Club is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Energy Football Club reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $1.6m (+8.6%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Oklahoma Energy Football Club sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within OK. Charities of a similar size with the same main cause include Family First Community Center ($1.6m), Davie United Soccer Club Inc ($1.6m) and Antelope Butte Foundation Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 94% of the total. At year end it held assets of $845k against liabilities of $720k, net assets of $125k.