Omaha Performing Arts Society

Analysis

Omaha Performing Arts Society is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in April 2001, 25 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 June 2023, Omaha Performing Arts Society reported income of $30.7m and spending of $33.6m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.3m to $30.7m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 276%. Over the whole period it spent 96% 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 Performing Arts Society sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NE. Charities of a similar size with the same main cause include Asian Art Museum Foundation of San Francisco ($30.7m), Intrepid Museum Foundation Inc ($30.8m) and PRX Incorporated ($30.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $1.1m (3.2% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $40.2m against liabilities of $14.0m, net assets of $26.2m. It reported 187 employees.