El Sistema Oklahoma Inc

Analysis

El Sistema Oklahoma Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 2015, 11 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 December 2023, El Sistema Oklahoma Inc reported income of $621k and spending of $624k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $349k to $621k (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, El Sistema Oklahoma Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OK. Charities of a similar size with the same main cause include Canyon Theatre Guild ($621k), Association for Positive Behavior Support ($621k) and Lost in New Haven Inc ($621k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $137k (22% of expenses). Other salaries and wages came to $143k. At year end it held assets of $232k against liabilities of $183k, net assets of $49k. It reported 4 employees.