Oakland Homeschool Music Inc

Analysis

Oakland Homeschool Music Inc is a registered charity in United States, based in Clarkston, MI. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Oakland Homeschool Music Inc reported income of $255k and spending of $254k, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $279k to $255k (-8.8%), an average of -2.3% a year. The sharpest change came in the year to May 2022, when income rose by 87%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oakland Homeschool Music Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Cedar Ridge High School Band Boosters ($255k), Friends of the Oro Valley Public Library ($255k) and Riding Academy of NJ Inc ($254k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $49k (19% of expenses). Other salaries and wages came to $83k. At year end it held assets of $130k against liabilities of $51k, net assets of $79k. It reported 12 employees.