Oklahoma Arts Institute Foundation

Analysis

Oklahoma Arts Institute Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 2014, 12 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oklahoma Arts Institute Foundation reported income of $1.4m and spending of $460k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.4m (-2.2%), an average of -0.5% a year. The sharpest change came in the year to December 2023, when income rose by 250%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oklahoma Arts Institute Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within OK. Charities of a similar size with the same main cause include Port Townsend Aero Museum ($1.4m), Art and Advocacy Society ($1.4m) and Theater Mu Incorporated ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% of the total. Other salaries and wages came to $14k. At year end it held assets of $10.7m against liabilities of $24k, net assets of $10.7m.