Tulsa Oktoberfest Inc

Analysis

Tulsa Oktoberfest Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, Tulsa Oktoberfest Inc reported income of $5.6m and spending of $6.1m, spending 109% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $4.0m to $5.6m (+40%), an average of +12% a year. The sharpest change came in the year to March 2022, when income rose by 3868%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tulsa Oktoberfest Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OK. Charities of a similar size with the same main cause include Seward Redesign Inc ($5.6m), Arts Commission of Greater Toledo Inc ($5.6m) and Art Trek Inc ($5.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 6.6% and program service revenue 93% of the total. At year end it held assets of $2.2m against liabilities of $14k, net assets of $2.2m.