Tulsa Boys Home Multiple Purpose Trust

Analysis

Tulsa Boys Home Multiple Purpose Trust is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in April 1983, 43 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 December 2023, Tulsa Boys Home Multiple Purpose Trust reported income of $1.1m and spending of $1.5m, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $428k to $1.1m (+155%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 601%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tulsa Boys Home Multiple Purpose Trust sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within OK. Charities of a similar size with the same main cause include Cedine Bible Mission Inc ($1.1m), Philadelphia Young Playwrights ($1.1m) and Village Gospel Mission ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $33k (2.1% of expenses). At year end it held assets of $12.4m against liabilities of $0, net assets of $12.4m.