Okayso

Analysis

Okayso is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Okayso reported income of $87k and spending of $132k, spending 152% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $222k to $87k (-61%), an average of -38% a year. The sharpest change came in the year to June 2024, when income dropped by 47%. Over the whole period it spent 131% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Okayso sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within RI. Charities of a similar size with the same main cause include Colorado County Go Texan Inc ($87k), MCHS Dance Booster Club Inc ($87k) and The Marina Foundation ($87k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $12k against liabilities of $1,576, net assets of $11k.