Natureworks Inc

Analysis

Natureworks Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in April 1992, 34 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 December 2023, Natureworks Inc reported income of $303k and spending of $398k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $253k to $303k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 784%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Natureworks Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within OK. Charities of a similar size with the same main cause include Creative Nonfiction Foundation ($302k), Katharsis Media ($303k) and Historic Elkhart River Queen Inc ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $235k against liabilities of $0, net assets of $235k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.