Brightmusic Society of Oklahoma

Analysis

Brightmusic Society of Oklahoma is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 2007, 19 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 June 2023, Brightmusic Society of Oklahoma reported income of $70k and spending of $77k, spending 111% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $60k to $70k (+17%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 133% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brightmusic Society of Oklahoma sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within OK. Charities of a similar size with the same main cause include Philadelphia Vietnam Veterans Memorial Advisory Fund ($70k), Dwight Economic Alliance ($70k) and South Bay Chinese Culture Assoc ($70k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.