Ovation Theatre Foundation

Analysis

Ovation Theatre Foundation is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in March 2021, 5 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 December 2023, Ovation Theatre Foundation reported income of $253k and spending of $143k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $182k to $253k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ovation Theatre Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Crown Point Country Historical Society ($253k), Palestine Foundation Inc ($253k) and Childrens Center for Science & Technology Endowment Fund ($253k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $290k against liabilities of $0, net assets of $290k.