Ohlook Performing Arts Center Inc

Analysis

Ohlook Performing Arts Center Inc is a registered charity in United States, based in Hurst, TX. It received its IRS tax-exemption ruling in August 2019, 7 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 July 2023, Ohlook Performing Arts Center Inc reported income of $221k and spending of $226k, spending 102% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $398k to $221k (-44%), an average of -14% a year. The sharpest change came in the year to July 2021, when income dropped by 35%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ohlook Performing Arts Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Wyoming Historical Society ($221k), Center for the History and Archaeology of the Near East ($221k) and Armenian Cultural Association of New York Inc ($221k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $67k (29% of expenses). At year end it held assets of $24k against liabilities of $0, net assets of $24k.