Ohio Foundation for Music Education

Analysis

Ohio Foundation for Music Education is a registered charity in United States, based in Medina, OH. It received its IRS tax-exemption ruling in September 2006, 20 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 2024, Ohio Foundation for Music Education reported income of $62k and spending of $9,782, leaving 84% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $12k to $62k (+434%), an average of +434% a year. The sharpest change came in the year to June 2024, when income rose by 434%. Over the whole period it spent 24% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ohio Foundation for Music Education sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within OH. Charities of a similar size with the same main cause include Roustabout Theater Inc ($62k), Loris Historical Society Archives Libraries & Museum ($62k) and Carol Kornacki Ministries Inc ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 12% of the total. At year end it held assets of $244k against liabilities of $0, net assets of $244k.