Tulsa Boys Home

Analysis

Tulsa Boys Home is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in January 1947, 79 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, Tulsa Boys Home reported income of $8.1m and spending of $8.9m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.8m to $8.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tulsa Boys Home sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within OK. Charities of a similar size with the same main cause include Ascentria Care Alliance Inc ($8.1m), Marian Manor Inc ($8.1m) and Outside-In School of Experiential Education Inc ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $237k (2.7% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $27.4m against liabilities of $522k, net assets of $26.9m. It reported 150 employees.