Ok Foundation

Analysis

Ok Foundation is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in January 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ok Foundation reported income of $7.8m and spending of $2.2m, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $7.8m (+1946%), an average of +113% a year. The sharpest change came in the year to December 2023, when income rose by 538%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ok Foundation 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 94th percentile, and in the 94th percentile within UT. Charities of a similar size with the same main cause include The Madonna Foundation ($7.8m), Central Texas Community Foundation Inc ($7.8m) and Denver Public Schools Foundation ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $193k (8.9% of expenses). At year end it held assets of $9.5m against liabilities of $25k, net assets of $9.5m. It reported 1 employees.