Alpha Community Foundation of Okla

Analysis

Alpha Community Foundation of Okla is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Alpha Community Foundation of Okla reported income of $480k and spending of $59k, leaving 88% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $189k to $480k (+154%), an average of +154% a year. The sharpest change came in the year to September 2023, when income rose by 154%. Over the whole period it spent 14% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alpha Community Foundation of Okla sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within OK. Charities of a similar size with the same main cause include Troy Resilience Project ($480k), Hope Loves Company Inc ($480k) and Order Our Step Inc ($480k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. It paid $1,100 in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $160k, net assets of $1.6m.