Rita L Willis Foundation
Only null% goes to programs Thin reserves Growing revenue
Rita L Willis Foundation is a 501(c)(3) organization based in Tulsa, Oklahoma, registered in 2020, with $2,966,268 in FY2024 revenue. CharityIndex grades it F.
Po Box 1620, Tulsa, OK, 74101 EIN 38-7204563 Since 2020
Revenue (FY2024)
$3.0M
▲ 304.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$7.9M
Net assets
$157K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Rita L Willis Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -166% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Rita L Willis Foundation: 0 mo reserves · -166% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Rita L Willis Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Rita L Willis Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 1620, Tulsa, OK, 74101
- City
- Tulsa
- State
- Oklahoma
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $138K (FY2020) to $3.0M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $157K
Operating margin
-166.2%
Spent more than it raised in the latest fiscal year.
Total assets
$157K
Total liabilities
$0
Net assets
$157K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,966,268▲304% | $7,895,461▲1325% | $157,095▼96.8% | $157,095▼96.8% | 990PF |
| 2023 | $733,994▲93.8% | $554,123▼15.9% | $4,945,750▲0.9% | $4,945,750▲0.9% | 990PF |
| 2022 | $378,684▲90.9% | $658,524▲5.7% | $4,903,645▼5.5% | $4,903,645▼5.5% | 990PF |
| 2021 | $198,329▲43.4% | $622,723▲3.3% | $5,188,684▼7.5% | $5,188,684▼7.5% | 990PF |
| 2020 | $138,341 | $602,822 | $5,608,659 | $5,608,659 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Rita L Willis Foundation a legitimate nonprofit?
- Yes. Rita L Willis Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-7204563, based in Tulsa, Oklahoma. Donations are tax-deductible.
- What is Rita L Willis Foundation's EIN?
- Rita L Willis Foundation's Employer Identification Number (EIN) is 38-7204563.
- How much revenue does Rita L Willis Foundation report?
- Rita L Willis Foundation reported $2,966,268 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Rita L Willis Foundation have?
- CharityIndex grades Rita L Willis Foundation F, based on financial health (reserves and operating margin).
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Data for Rita L Willis Foundation (EIN 38-7204563) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.