Otis College of Art and Design

Analysis

Otis College of Art and Design is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Otis College of Art and Design reported income of $77.4m and spending of $86.0m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $62.9m to $77.4m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Otis College of Art and Design sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include University of Charleston ($77.2m), Ransom Everglades School Inc ($77.5m) and Trinity Episcopal Schools Corporation ($77.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $3.1m (3.6% of expenses). Other salaries and wages came to $26.4m. At year end it held assets of $118.2m against liabilities of $45.0m, net assets of $73.2m. It reported 1,150 employees.