Bay Area Omni Foundation for the Performing Arts Inc

Analysis

Bay Area Omni Foundation for the Performing Arts Inc is a registered charity in United States, based in El Granada, CA. It received its IRS tax-exemption ruling in September 1993, 33 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 December 2023, Bay Area Omni Foundation for the Performing Arts Inc reported income of $193k and spending of $207k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $205k to $193k (-5.7%), an average of -1.5% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bay Area Omni Foundation for the Performing Arts Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Advancing Women in Product ($193k), Laughing Stock Theatre Company ($193k) and Margaret Acheson Stuart Society Inc ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $116k against liabilities of $5,082, net assets of $111k.