Ottley Music School Inc

Analysis

Ottley Music School Inc is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ottley Music School Inc reported income of $132k and spending of $154k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $168k to $132k (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2020, when income dropped by 32%. Over the whole period it spent 134% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ottley Music School Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include Chinese School of San Diego ($132k), Back 2 School Festival Inc ($132k) and Mosaic Community Development Center Inc ($132k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $35k (23% of expenses). Other salaries and wages came to $15k. At year end it held assets of $99k against liabilities of $292k, net assets of -$192k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.