Theatre Tulsa Inc

Analysis

Theatre Tulsa Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in November 1974, 52 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Theatre Tulsa Inc reported income of $520k and spending of $811k, spending 156% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $748k to $520k (-31%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 112%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Tulsa Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OK. Charities of a similar size with the same main cause include Pardis for Children Inc ($519k), Arts for Life ($520k) and Women in Music Inc ($519k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $65k (8.0% of expenses). Other salaries and wages came to $115k. At year end it held assets of $261k against liabilities of $322k, net assets of -$60k. It reported 3 employees.