Omaha Summer Arts Festival Inc

Analysis

Omaha Summer Arts Festival Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in September 1978, 48 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, Omaha Summer Arts Festival Inc reported income of $319k and spending of $462k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $353k to $319k (-9.6%), an average of -2.5% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Omaha Summer Arts Festival Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NE. Charities of a similar size with the same main cause include South Dakota Biotechnology Council ($319k), Ferndale Repertory Theatre Inc ($319k) and Black Psychiatrists of America Inc ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.