Oak Ridge Art Center

Analysis

Oak Ridge Art Center is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in April 1964, 62 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Oak Ridge Art Center reported income of $367k and spending of $319k, spending 87% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $195k to $367k (+88%), an average of +17% a year. The sharpest change came in the year to April 2021, when income rose by 88%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oak Ridge Art Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include Push Push Arts Company ($367k), Hammond Harwood House Assoc Inc ($367k) and Spark Arts Ignite Learning ($367k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $77k. At year end it held assets of $1.1m against liabilities of $19k, net assets of $1.0m. It reported 5 employees.