Tulsa Economic Development Corporation

Analysis

Tulsa Economic Development Corporation is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in April 1981, 45 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Tulsa Economic Development Corporation reported income of $5.0m and spending of $5.0m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $5.0m (+172%), an average of +28% a year. The sharpest change came in the year to September 2020, when income rose by 1920%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tulsa Economic Development Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OK. Charities of a similar size with the same main cause include Tri-County Workforce Investment Board Inc ($5.0m), Venture for America Inc ($5.0m) and Vetjobs ($5.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $187k (3.7% of expenses). Other salaries and wages came to $755k. At year end it held assets of $30.3m against liabilities of $12.1m, net assets of $18.3m. It reported 26 employees.