Oklahoma Museums Association

Analysis

Oklahoma Museums Association is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in November 1976, 50 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, Oklahoma Museums Association reported income of $349k and spending of $373k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $295k to $349k (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oklahoma Museums Association sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within OK. Charities of a similar size with the same main cause include Collaborative Theatre Project Inc ($349k), Asian Culture Center of Tennessee ($349k) and Braver Players Musical Theater Foundation ($348k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $89k (24% of expenses). Other salaries and wages came to $58k. At year end it held assets of $317k against liabilities of $3,683, net assets of $314k. It reported 5 employees.