Tulsa Library Trust

Analysis

Tulsa Library Trust is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in January 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Library Trust reported income of $3.0m and spending of $1.5m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.0m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tulsa Library Trust sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OK. Charities of a similar size with the same main cause include Harris-Stowe Foundation Inc ($3.0m), Project Hope Alliance ($3.0m) and Ventura College Foundation ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $126k (8.1% of expenses). Other salaries and wages came to $5,596. At year end it held assets of $25.5m against liabilities of $732k, net assets of $24.7m. It reported 1 employees.