Oxnard Performing Arts Center Corporation

Analysis

Oxnard Performing Arts Center Corporation is a registered charity in United States, based in Oxnard, CA. It received its IRS tax-exemption ruling in February 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Oxnard Performing Arts Center Corporation reported income of $870k and spending of $938k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $870k (-60%), an average of -20% a year. The sharpest change came in the year to June 2022, when income rose by 316%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oxnard Performing Arts Center Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Brevard Symphony Orchestra Inc ($869k), American Sewing Guild Inc ($870k) and Peggy R McConnell Worthington Center for the Arts ($869k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $87k (9.3% of expenses). Other salaries and wages came to $386k. At year end it held assets of $1.1m against liabilities of $323k, net assets of $738k. It reported 16 employees.