Living Arts of Tulsa Incorporated

Analysis

Living Arts of Tulsa Incorporated is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in August 1976, 50 years ago. 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, Living Arts of Tulsa Incorporated reported income of $468k and spending of $504k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $466k to $468k (+0.4%), an average of +0.1% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Living Arts of Tulsa Incorporated sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within OK. Charities of a similar size with the same main cause include Missouri Restaurant Association Education Foundation ($468k), Otter Tail County Historical Society ($468k) and Broadway Emergency Squad Inc ($468k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $53k (11% of expenses). Other salaries and wages came to $95k. At year end it held assets of $228k against liabilities of $18k, net assets of $210k. It reported 5 employees.