The Freeland Center for Performing Arts Foundation Inc

Analysis

The Freeland Center for Performing Arts Foundation Inc is a registered charity in United States, based in Bristow, OK. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, The Freeland Center for Performing Arts Foundation Inc reported income of $150k and spending of $202k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $152k to $150k (-1.0%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Freeland Center for Performing Arts Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within OK. Charities of a similar size with the same main cause include Downtown Marion Inc ($150k), Time Dollar Institute Inc ($151k) and Construction Industry Workers Charitable Foundation ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 28% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.