Oklahoma Performing Arts

Analysis

Oklahoma Performing Arts is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in October 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Oklahoma Performing Arts reported income of $100k and spending of $106k, spending 106% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income grew from $64k to $100k (+56%), an average of +56% a year. The sharpest change came in the year to May 2023, when income rose by 56%. Over the whole period it spent 132% 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 Performing Arts sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within OK. Charities of a similar size with the same main cause include Community Film Workshop of Chicago ($100k), Orange Coast Musical Arts ($100k) and Halcyon Music ($100k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 34% and program service revenue 27% of the total. At year end it held assets of $3,123 against liabilities of $9,069, net assets of -$5,946.