Black Liberated Arts Center

Analysis

Black Liberated Arts Center is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 1981, 45 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, Black Liberated Arts Center reported income of $240k and spending of $277k, spending 116% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $213k to $240k (+13%), an average of +4.0% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black Liberated Arts Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within OK. Charities of a similar size with the same main cause include Dramaworks ($240k), Abilene Performing Arts Company Inc ($240k) and Macon Pops Inc ($240k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (24% of expenses). At year end it held assets of $128k against liabilities of $83k, net assets of $45k. It reported 1 employees.