Tulsa Community College Foundation

Analysis

Tulsa Community College Foundation is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in April 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Tulsa Community College Foundation reported income of $2.5m and spending of $4.5m, spending 177% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.5m to $2.5m (-78%), an average of -31% a year. The sharpest change came in the year to June 2020, when income dropped by 47%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tulsa Community College Foundation sits at the 84th percentile: it is larger than about 84% 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 Cornerstone Christian School ($2.5m), Link Unlimited ($2.5m) and Rowan College Student Government ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $18k (0.4% of expenses). Other salaries and wages came to $74k. At year end it held assets of $21.6m against liabilities of $89k, net assets of $21.5m.