Sooner Theatre of Norman Inc

Analysis

Sooner Theatre of Norman Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in October 1976, 50 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, Sooner Theatre of Norman Inc reported income of $878k and spending of $929k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $992k to $878k (-11%), an average of -3.0% a year. The sharpest change came in the year to June 2022, when income rose by 83%. 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, Sooner Theatre of Norman Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OK. Charities of a similar size with the same main cause include Lakes Area Music Festival ($877k), Theatre Advancement Production Society Inc ($878k) and Point Arena Lighthouse Keepers Inc ($877k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $53k (5.7% of expenses). Other salaries and wages came to $145k. At year end it held assets of $1.9m against liabilities of $1.1m, net assets of $867k. It reported 8 employees.