Owatonna Arts Center Foundation

Analysis

Owatonna Arts Center Foundation is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in June 2003, 23 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 August 2023, Owatonna Arts Center Foundation reported income of $51k and spending of $37k, leaving 27% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $58k to $51k (-12%), an average of -12% a year. Over the whole period it spent 35% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Owatonna Arts Center Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Chicago Film Critics Association ($51k), Artneo ($51k) and Kittatinny Band Boosters ($51k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.