Opportunity Music Project Inc

Analysis

Opportunity Music Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2014, 12 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, Opportunity Music Project Inc reported income of $444k and spending of $412k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $342k to $444k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Opportunity Music Project Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Auburn Symphony Association ($444k), New Literary Project ($444k) and Fergus Falls Center for the Arts Inc ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $66k (16% of expenses). At year end it held assets of $152k against liabilities of $7,496, net assets of $145k. It reported 1 employees.