Ohr-Okeefe Museum of Art Inc

Analysis

Ohr-Okeefe Museum of Art Inc is a registered charity in United States, based in Biloxi, MS. It received its IRS tax-exemption ruling in February 1994, 32 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 September 2023, Ohr-Okeefe Museum of Art Inc reported income of $1.1m and spending of $2.5m, spending 221% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.5m to $1.1m (-56%), an average of -18% a year. The sharpest change came in the year to September 2022, when income dropped by 65%. Over the whole period it spent 132% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ohr-Okeefe Museum of Art Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within MS. Charities of a similar size with the same main cause include Oregon Shakespearean Festival Endowment Fund Inc ($1.1m), Port Aransas Art Center ($1.1m) and Stitch Buffalo Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $125k (5.1% of expenses). Other salaries and wages came to $363k. At year end it held assets of $36.7m against liabilities of $510k, net assets of $36.2m. It reported 19 employees.