The City Lights Foundation of Oklahoma

Analysis

The City Lights Foundation of Oklahoma is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The City Lights Foundation of Oklahoma reported income of $2.1m and spending of $765k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $320k to $2.1m (+561%), an average of +60% a year. The sharpest change came in the year to December 2020, when income rose by 328%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The City Lights Foundation of Oklahoma sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within OK. Charities of a similar size with the same main cause include On the Rise Inc ($2.1m), Gwinnett Childrens Shelter Inc ($2.1m) and More Maitri Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $78k (10% of expenses). Other salaries and wages came to $231k. It paid $158k in professional fundraising fees. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m. It reported 6 employees.