Oconomowoc Festival of the Arts Ltd

Analysis

Oconomowoc Festival of the Arts Ltd is a registered charity in United States, based in Oconomowoc, WI. It received its IRS tax-exemption ruling in November 2012, 14 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 October 2023, Oconomowoc Festival of the Arts Ltd reported income of $75k and spending of $59k, leaving 22% of income unspent that year. Across the 2 years on record, from October 2022 to October 2023, income grew from $61k to $75k (+23%), an average of +23% a year. The sharpest change came in the year to October 2023, when income rose by 23%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oconomowoc Festival of the Arts Ltd sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within WI. Charities of a similar size with the same main cause include Ridgewood Symphony Orchestra ($75k), Wakefield Historical Society ($75k) and Stages Bloomington Company ($75k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.