Friends of Oeta Inc

Analysis

Friends of Oeta Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Oeta Inc reported income of $8.5m and spending of $6.9m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $41.0m to $8.5m (-79%), an average of -33% a year. The sharpest change came in the year to June 2020, when income dropped by 80%. Over the whole period it spent 36% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Oeta Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within OK. Charities of a similar size with the same main cause include Atlantic Gateway Communications Inc ($8.4m), Wisconsin History Foundation Inc ($8.5m) and Storm King Art Center ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. It paid $1.3m in professional fundraising fees. At year end it held assets of $51.1m against liabilities of $311k, net assets of $50.8m.