Town Hall of Tulsa Corp

Analysis

Town Hall of Tulsa Corp is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in April 1940, 86 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Town Hall of Tulsa Corp reported income of $558k and spending of $519k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $479k to $558k (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 803%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Town Hall of Tulsa Corp sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OK. Charities of a similar size with the same main cause include Beaufort County Black Chamber of ($558k), Your Future Is Our Business ($558k) and Helen Schuyler TR Uw Bo Community Foundation ($558k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $60k (12% of expenses). Other salaries and wages came to $33k. At year end it held assets of $503k against liabilities of $341k, net assets of $162k. It reported 2 employees.