Tulsa Opera Endowment TR 1

Analysis

Tulsa Opera Endowment TR 1 is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in June 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tulsa Opera Endowment TR 1 reported income of $65k and spending of $18k, leaving 72% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $403k to $65k (-84%), an average of -36% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 6.4% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tulsa Opera Endowment TR 1 sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within OK. Charities of a similar size with the same main cause include Council on Forest Engineering ($65k), City Wide Club of Clubs Crisis Calls Auxiliary ($65k) and Friends of the Library of Escondido ($65k).

At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.