Tulsa Childrens Museum

Analysis

Tulsa Childrens Museum is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in July 2008, 18 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 (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 Childrens Museum reported income of $3.9m and spending of $6.3m, spending 162% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.2m to $3.9m (-76%), an average of -30% a year. The sharpest change came in the year to June 2023, when income dropped by 46%. Over the whole period it spent 36% 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 Childrens Museum sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OK. Charities of a similar size with the same main cause include Millennium Water Alliance ($3.9m), Jack Van Impe Ministries ($3.9m) and Society for Neuro-Oncology ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $210k (3.4% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $40.9m against liabilities of $6.6m, net assets of $34.3m. It reported 112 employees.