Tulsa Renaissance Development Corporation

Analysis

Tulsa Renaissance Development Corporation is a registered charity in United States, based in Bixby, OK. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2021, Tulsa Renaissance Development Corporation reported income of $189k and spending of $250k, spending 132% of what it took in. Across the 2 years on record, from December 2020 to December 2021, income fell from $253k to $189k (-25%), an average of -25% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tulsa Renaissance Development Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within OK. Charities of a similar size with the same main cause include Mandell Winlow Security Foundation ($189k), Maple Valley Rotary Foundation ($190k) and Downtown Orangeburg Revitalization Association ($189k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $654k against liabilities of $0, net assets of $654k.