Oklahoma Proton Foundation

Analysis

Oklahoma Proton Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oklahoma Proton Foundation reported income of $28.0m and spending of $31.4m, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $19.8m to $28.0m (+42%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oklahoma Proton Foundation sits at the 90th percentile: it is larger than about 90% 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 Center Point Inc ($27.9m), Siouxland Pace Inc ($28.0m) and Vincentian Home ($27.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $5.3m. At year end it held assets of $83.2m against liabilities of $86.5m, net assets of -$3.3m. It reported 74 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.