Oak Park Area Arts Council

Analysis

Oak Park Area Arts Council is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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, Oak Park Area Arts Council reported income of $467k and spending of $349k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $467k (+108%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oak Park Area Arts Council sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Danville Cancer Association ($467k), Atlantic Community Thrift Shop Inc ($467k) and Take a Vet Fishing NFP ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (24% of expenses). At year end it held assets of $423k against liabilities of $52k, net assets of $371k. It reported 16 employees.