One Hope Tulsa Inc

Analysis

One Hope Tulsa Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, One Hope Tulsa Inc reported income of $687k and spending of $645k, spending 94% of its income. Across the 4 years on record, from December 2021 to December 2023, income grew from $219k to $687k (+213%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 489%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, One Hope Tulsa Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OK. Charities of a similar size with the same main cause include Belmont District Management Association Inc ($687k), Shore Foundation ($687k) and Rotary Club of Fresno Foundation ($687k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $146k (23% of expenses). Other salaries and wages came to $254k. It paid $17k in professional fundraising fees. At year end it held assets of $143k against liabilities of $14k, net assets of $129k. It reported 37 employees.