Fab Lab Tulsa Inc

Analysis

Fab Lab Tulsa Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in September 2011, 15 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 December 2023, Fab Lab Tulsa Inc reported income of $606k and spending of $671k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $606k (-58%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fab Lab Tulsa Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OK. Charities of a similar size with the same main cause include The Battalion Drum and Bugle Corps Inc ($605k), Rhode Island Black Heritage Society ($606k) and Westwood Youth Hockey Association Inc ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $97k (15% of expenses). Other salaries and wages came to $240k. At year end it held assets of $4.5m against liabilities of $5,295, net assets of $4.5m. It reported 7 employees.