Oconee Cultural Arts Foundation

Analysis

Oconee Cultural Arts Foundation is a registered charity in United States, based in Watkinsville, GA. It received its IRS tax-exemption ruling in July 1999, 27 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, Oconee Cultural Arts Foundation reported income of $438k and spending of $423k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $588k to $438k (-26%), an average of -7.1% a year. The sharpest change came in the year to June 2022, when income rose by 223%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oconee Cultural Arts Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within GA. Charities of a similar size with the same main cause include Deltaville Maritime Museum & Holly Point Nature Park Inc ($438k), Riverartsfest ($438k) and New Energy Foundation Inc ($437k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $60k (14% of expenses). Other salaries and wages came to $78k. At year end it held assets of $2.1m against liabilities of $18k, net assets of $2.1m. It reported 6 employees.