Oh Art Foundation

Analysis

Oh Art Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 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 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, Oh Art Foundation reported income of $98k and spending of $93k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $98k (+101%), an average of +101% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oh Art Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include Magical Experiences Arts Company Ltd ($98k), Pictura at Far Inc ($98k) and Actors Charitable Theatre ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $67k against liabilities of $75k, net assets of -$7,828.