An Occassion for the Arts Inc

Analysis

An Occassion for the Arts Inc is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in September 1971, 55 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 December 2023, An Occassion for the Arts Inc reported income of $114k and spending of $94k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $114k (+88%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, An Occassion for the Arts Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include Navarasa Dance Theater Inc ($114k), Business School Alliance for Health Management ($114k) and Schenectady Civic Players Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $139k against liabilities of $0, net assets of $139k.