Ok Mozart Inc

Analysis

Ok Mozart Inc is a registered charity in United States, based in Bartlesville, OK. It received its IRS tax-exemption ruling in July 1989, 37 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 December 2023, Ok Mozart Inc reported income of $566k and spending of $557k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $566k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ok Mozart Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OK. Charities of a similar size with the same main cause include Kids Discovery Museum ($566k), Evansville P-47 Foundation Inc ($566k) and Bunnell Street Arts Center ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $23k. At year end it held assets of $118k against liabilities of $14k, net assets of $104k. It reported 7 employees.