Ogden Friends of Acoustic Music - Ofoam

Analysis

Ogden Friends of Acoustic Music - Ofoam is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in February 2012, 14 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, Ogden Friends of Acoustic Music - Ofoam reported income of $72k and spending of $131k, spending 182% of what it took in. Across the 5 years on record, from September 2019 to December 2023, income fell from $267k to $72k (-73%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 83%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ogden Friends of Acoustic Music - Ofoam sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within UT. Charities of a similar size with the same main cause include Mountain Lakes Home & School Association ($72k), Sonoma County Philharmonic ($72k) and California Performing Arts Centre ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. At year end it held assets of $166k against liabilities of $0, net assets of $166k.