Southern Oklahoma Community Arts Inc

Analysis

Southern Oklahoma Community Arts Inc is a registered charity in United States, based in Ardmore, OK. It received its IRS tax-exemption ruling in October 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 December 2023, Southern Oklahoma Community Arts Inc reported income of $106k and spending of $103k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $106k (+27%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 27%. 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, Southern Oklahoma Community Arts Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OK. Charities of a similar size with the same main cause include Indiana Heritage Arts Inc ($106k), Arts and Business Alliance of Eugene ($106k) and Rise Up Community Arts Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $3,660 against liabilities of $0, net assets of $3,660.