Oklahomans for the Arts Inc

Analysis

Oklahomans for the Arts Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in July 1993, 33 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, Oklahomans for the Arts Inc reported income of $143k and spending of $141k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $229k to $143k (-37%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 108%. 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, Oklahomans for the Arts Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OK. Charities of a similar size with the same main cause include Carmel Dance Festival ($143k), American Gothic Performing Arts ($143k) and Upright Theatre Company ($143k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $65k (46% of expenses). Other salaries and wages came to $17k. At year end it held assets of $120k against liabilities of $0, net assets of $120k. It reported 2 employees.