Tulsa Symphony Orchestra Inc

Analysis

Tulsa Symphony Orchestra Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Tulsa Symphony Orchestra Inc reported income of $2.7m and spending of $3.2m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.3m to $2.7m (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tulsa Symphony Orchestra Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OK. Charities of a similar size with the same main cause include Mexican American Catholic College ($2.7m), Midwest Old Settlers and Threshers Assn Inc ($2.7m) and Norsk Hostfest Association ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $463k (15% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.2m against liabilities of $385k, net assets of $1.8m. It reported 294 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.