Tulsa Community Foundation

Analysis

Tulsa Community Foundation is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Community Foundation reported income of $329.5m and spending of $216.7m, leaving 34% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $174.4m to $329.5m (+89%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tulsa Community Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OK. Charities of a similar size with the same main cause include Suzanne and Walter Scott Foundation ($327.9m), Tides Foundation ($350.1m) and The US Charitable Gift Trust ($311.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $807k (0.4% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $942.7m against liabilities of $9.1m, net assets of $933.6m. It reported 351 employees.