Ojai Festivals Ltd

Analysis

Ojai Festivals Ltd is a registered charity in United States, based in Ojai, CA. It received its IRS tax-exemption ruling in November 1947, 79 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 August 2023, Ojai Festivals Ltd reported income of $2.4m and spending of $1.9m, spending 81% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $2.4m (+14%), an average of +3.3% a year. The sharpest change came in the year to August 2022, when income rose by 65%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ojai Festivals Ltd sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Type Media Center Inc ($2.4m), Blithewold Inc ($2.4m) and Moonlight Cultural Foundation ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 73% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $100k (5.2% of expenses). Other salaries and wages came to $382k. At year end it held assets of $3.0m against liabilities of $202k, net assets of $2.8m. It reported 23 employees.