Civic Center Foundation

Analysis

Civic Center Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in December 2001, 25 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 June 2023, Civic Center Foundation reported income of $8.4m and spending of $7.6m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $8.4m (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Civic Center Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within OK. Charities of a similar size with the same main cause include Anchorage Museum Foundation ($8.3m), Holocaust Memorial Resource and Education Center of Florida Inc ($8.4m) and Institute of Transportation Engineers Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $264k (3.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $15.5m against liabilities of $2.8m, net assets of $12.7m. It reported 90 employees.