Transitional Living Centers of Oklahoma Inc

Analysis

Transitional Living Centers of Oklahoma Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Transitional Living Centers of Oklahoma Inc reported income of $996k and spending of $749k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $996k (-67%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 50% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Transitional Living Centers of Oklahoma Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within OK. Charities of a similar size with the same main cause include Dry Bones Denver ($996k), Naomi & Sylvester Smith Senior Living Center ($996k) and Betty Kwan Chinn Homeless Foundation ($995k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $96k (13% of expenses). Other salaries and wages came to $216k. At year end it held assets of $6.7m against liabilities of $36k, net assets of $6.6m. It reported 6 employees.