True Sky Credit Union Foundation Inc

Analysis

True Sky Credit Union Foundation Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, True Sky Credit Union Foundation Inc reported income of $105k and spending of $84k, spending 80% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $124k to $105k (-16%), an average of -8.2% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, True Sky Credit Union Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OK. Charities of a similar size with the same main cause include Clayton Community Recreational Foundation Inc ($105k), Anacortes Youth Sports Coalition ($105k) and Drew O Donoghue Fund Inc ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.