The Tulsa Initiative Inc

Analysis

The Tulsa Initiative Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Tulsa Initiative Inc reported income of $155k and spending of $139k, spending 90% of its income. Across the 2 years on record, from December 2021 to December 2023, income grew from $71k to $155k (+117%), an average of +117% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Tulsa Initiative Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Lifehouse ($155k), New Englands Wounded Veterans Inc ($155k) and Identity Ministries Inc ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.8% of the total. At year end it held assets of $51k against liabilities of $320, net assets of $51k.