Tulsa Performing Arts Center Trust

Analysis

Tulsa Performing Arts Center Trust is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in June 1973, 53 years ago. 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 June 2024, Tulsa Performing Arts Center Trust reported income of $8.5m and spending of $7.9m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.3m to $8.5m (+547%), an average of +45% a year. The sharpest change came in the year to June 2020, when income rose by 243%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tulsa Performing Arts Center Trust sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within OK. Charities of a similar size with the same main cause include Catholic Answers Inc ($8.5m), Ludwig Von Mises Institute for Austrian Economics Inc ($8.5m) and Texas Womens Foundation ($8.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $417k (5.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $12.1m against liabilities of $1.5m, net assets of $10.6m. It reported 44 employees.