Paseo Artists Association Inc

Analysis

Paseo Artists Association Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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 December 2023, Paseo Artists Association Inc reported income of $493k and spending of $464k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $321k to $493k (+54%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paseo Artists Association Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within OK. Charities of a similar size with the same main cause include Sportmans Alliance of Maine Inc ($493k), West End Fire & Rescue Co No 3 ($493k) and Camp Fire ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $72k (16% of expenses). Other salaries and wages came to $64k. At year end it held assets of $297k against liabilities of $0, net assets of $297k. It reported 3 employees.