Oklahoma Contemporary Arts Center Inc

Analysis

Oklahoma Contemporary Arts Center Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 1989, 37 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, Oklahoma Contemporary Arts Center Inc reported income of $5.2m and spending of $6.7m, spending 131% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $9.1m to $5.2m (-43%), an average of -17% a year. The sharpest change came in the year to June 2021, when income dropped by 49%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oklahoma Contemporary Arts Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OK. Charities of a similar size with the same main cause include Open Campus Media Inc ($5.2m), Imagination Stage Inc ($5.2m) and Classical 98 1 ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $234k (3.5% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $27.0m against liabilities of $480k, net assets of $26.5m. It reported 137 employees.