Thousand Oaks Alliance for the Arts

Analysis

Thousand Oaks Alliance for the Arts is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in April 1994, 32 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 June 2023, Thousand Oaks Alliance for the Arts reported income of $773k and spending of $1.3m, spending 168% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $773k (-29%), an average of -8.3% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thousand Oaks Alliance for the Arts sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Saint Luke Productions ($773k), Art Division ($773k) and Touchstone Center for Crafts ($773k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $114k (8.8% of expenses). Other salaries and wages came to $2,895. At year end it held assets of $13.0m against liabilities of $337k, net assets of $12.7m.