Norman Music Alliance Inc

Analysis

Norman Music Alliance Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in October 2011, 15 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 2024, Norman Music Alliance Inc reported income of $263k and spending of $289k, spending 110% of what it took in. Across the 3 years on record, from December 2019 to June 2024, income grew from $212k to $263k (+24%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Norman Music Alliance Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within OK. Charities of a similar size with the same main cause include Asbury Park African-American Music Project Inc ($263k), Astar Education Institute ($264k) and Global Arts Performing Center Inc ($263k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 28% of the total. Other salaries and wages came to $36k. At year end it held assets of $56k against liabilities of $90k, net assets of -$35k. It reported 1 employees.