Tulsas Future Inc

Analysis

Tulsas Future Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in July 2006, 20 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Tulsas Future Inc reported income of $3.5m and spending of $3.6m, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $4.5m to $3.5m (-22%), an average of -7.9% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tulsas Future Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OK. Charities of a similar size with the same main cause include Cook Inlet Lending Center Inc ($3.5m), Institute for Entrepreneurial Leadership Inc ($3.5m) and The Downtown St Louis Community Improvement District Inc ($3.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.