Oklahoma City Art Museum Affiliated Fund of the Okla City Comm Foundat

Analysis

Oklahoma City Art Museum Affiliated Fund of the Okla City Comm Foundat is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 1992, 34 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Oklahoma City Art Museum Affiliated Fund of the Okla City Comm Foundat reported income of $199k and spending of $530k, spending 267% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $340k to $199k (-42%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 22%. Over the whole period it spent 230% 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 City Art Museum Affiliated Fund of the Okla City Comm Foundat sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within OK. Charities of a similar size with the same main cause include Theater for Young Audiences Inc ($199k), Accu Learning Inc ($199k) and Virgin Valley Artists Association ($199k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% of the total. At year end it held assets of $10.6m against liabilities of $0, net assets of $10.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.