Foundation for Tulsa Schools

Analysis

Foundation for Tulsa Schools is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Foundation for Tulsa Schools reported income of $5.3m and spending of $6.1m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.4m to $5.3m (-54%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Tulsa Schools sits at the 89th percentile: it is larger than about 89% 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 Community School for Creative Education ($5.3m), Alpha Phi Foundation Inc ($5.3m) and Canyon Rim Academy ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $177k (2.9% of expenses). Other salaries and wages came to $127k. At year end it held assets of $12.5m against liabilities of $48k, net assets of $12.5m. It reported 8 employees.