Oil City Civic Center Inc

Analysis

Oil City Civic Center Inc is a registered charity in United States, based in Oil City, PA. It received its IRS tax-exemption ruling in March 1999, 27 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, Oil City Civic Center Inc reported income of $215k and spending of $314k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $189k to $215k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oil City Civic Center Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include Russian Educational Center Bookvarel Inc ($215k), Friends of Music Concerts Inc ($215k) and Twin Cities Media Alliance ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $14k. At year end it held assets of $446k against liabilities of $163k, net assets of $283k. It reported 1 employees.