Oklahoma Youth Orchestra Inc

Analysis

Oklahoma Youth Orchestra Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in May 1987, 39 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 2023, Oklahoma Youth Orchestra Inc reported income of $373k and spending of $331k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $295k to $373k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2023, when income rose by 25%. 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 Youth Orchestra Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within OK. Charities of a similar size with the same main cause include Society for Photographic Education Inc ($373k), Cubacaribe ($374k) and Tillamook County Pioneer Museum ($373k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $59k (18% of expenses). Other salaries and wages came to $149k. At year end it held assets of $177k against liabilities of $25k, net assets of $152k. It reported 16 employees.