Oregon Coast Council of the Arts

Analysis

Oregon Coast Council of the Arts is a registered charity in United States, based in Newport, OR. It received its IRS tax-exemption ruling in May 1978, 48 years ago. 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, Oregon Coast Council of the Arts reported income of $1.0m and spending of $737k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $1.0m (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oregon Coast Council of the Arts sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OR. Charities of a similar size with the same main cause include A Brighter Way ($1.0m), Young Womens Christian Assoc ($1.0m) and National Foundation for Transplants Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $100k (14% of expenses). Other salaries and wages came to $275k. At year end it held assets of $3.3m against liabilities of $279k, net assets of $3.0m. It reported 10 employees.