Ponca City Art Association Inc

Analysis

Ponca City Art Association Inc is a registered charity in United States, based in Ponca City, OK. It received its IRS tax-exemption ruling in April 1967, 59 years ago. 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 December 2023, Ponca City Art Association Inc reported income of $127k and spending of $147k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $39k to $127k (+228%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 135% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ponca City Art Association Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within OK. Charities of a similar size with the same main cause include Adams County Historical Society Inc ($127k), PTA North Carolina Congress ($127k) and Friends of the Ocala Public Library Inc ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $59k (40% of expenses). At year end it held assets of $259k against liabilities of $1,584, net assets of $258k. It reported 2 employees.

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.