Northern Ohio Childrens Performing Music Foundation Inc

Analysis

Northern Ohio Childrens Performing Music Foundation Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 1966, 60 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, Northern Ohio Childrens Performing Music Foundation Inc reported income of $200k and spending of $286k, spending 143% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $521k to $200k (-62%), an average of -21% a year. The sharpest change came in the year to June 2020, when income dropped by 52%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northern Ohio Childrens Performing Music Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Hawthorne Caballeros Drum & Bugle Corps ($200k), Nuevo Mexico Profundo ($200k) and Illinois Rock & Roll Museum on Route 66 NFP ($199k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $63k (22% of expenses). Other salaries and wages came to $14k. At year end it held assets of $256k against liabilities of $37k, net assets of $219k. It reported 3 employees.