Arts Council of Oklahoma City

Analysis

Arts Council of Oklahoma City is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in November 1967, 59 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, Arts Council of Oklahoma City reported income of $3.6m and spending of $3.6m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $3.6m (+191%), an average of +43% a year. The sharpest change came in the year to June 2021, when income rose by 180%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Council of Oklahoma City sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OK. Charities of a similar size with the same main cause include National Council for the Social Studies ($3.6m), Wireless Research Center of North Carolina ($3.6m) and Friends of Mount Auburn Cemetery ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $312k (8.7% of expenses). Other salaries and wages came to $433k. At year end it held assets of $3.3m against liabilities of $78k, net assets of $3.2m. It reported 17 employees.