Community Arts Network of Oneonta Inc

Analysis

Community Arts Network of Oneonta Inc is a registered charity in United States, based in Oneonta, NY. It received its IRS tax-exemption ruling in December 1970, 56 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community Arts Network of Oneonta Inc reported income of $117k and spending of $152k, spending 130% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $98k to $117k (+19%), an average of +6.1% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Arts Network of Oneonta Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include California Desert Chorale ($117k), Pecos Valley Jazz and Arts Festival ($117k) and Nolensville Historical Society ($117k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 28% of the total. At year end it held assets of $399k against liabilities of $1,856, net assets of $397k.

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.