Oak Ridge Civic Music Assoc Inc

Analysis

Oak Ridge Civic Music Assoc Inc is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in June 1961, 65 years ago. 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 2024, Oak Ridge Civic Music Assoc Inc reported income of $207k and spending of $226k, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $243k to $207k (-15%), an average of -3.1% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oak Ridge Civic Music Assoc Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within TN. Charities of a similar size with the same main cause include The Fuller Center for Housing of Merced County Inc ($207k), Creative Music Foundation Inc ($207k) and Gallery Players Inc ($207k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $65k (29% of expenses). At year end it held assets of $624k against liabilities of $1,554, net assets of $622k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.