Owasso Band Patrons Club

Analysis

Owasso Band Patrons Club is a registered charity in United States, based in Owasso, OK. It received its IRS tax-exemption ruling in December 1988, 38 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 May 2024, Owasso Band Patrons Club reported income of $421k and spending of $431k, spending 102% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $148k to $421k (+184%), an average of +23% a year. The sharpest change came in the year to May 2023, when income rose by 295%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Owasso Band Patrons Club sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within OK. Charities of a similar size with the same main cause include Arhoolie Foundation ($421k), Creative Ability Development Inc ($421k) and The Arts Council Inc ($421k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 29% and program service revenue 74% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.

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.