Oklahoma Philharmonic Affiliated Fund of the Oklahoma City

Analysis

Oklahoma Philharmonic Affiliated Fund of the Oklahoma City is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 1996, 30 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Oklahoma Philharmonic Affiliated Fund of the Oklahoma City reported income of $224k and spending of $662k, spending 296% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $224k (-86%), an average of -38% a year. The sharpest change came in the year to June 2021, when income rose by 340%. 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 Philharmonic Affiliated Fund of the Oklahoma City sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within OK. Charities of a similar size with the same main cause include Wisconsin Music Educators Conference Inc ($224k), Historic Rittenhousetown Inc ($224k) and Shawnee Mission North Band Parents Club ($224k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $9.3m against liabilities of $0, net assets of $9.3m.

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.