Oklahoma International Bluegrass Festival Inc

Analysis

Oklahoma International Bluegrass Festival Inc is a registered charity in United States, based in Guthrie, OK. It received its IRS tax-exemption ruling in September 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 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 December 2023, Oklahoma International Bluegrass Festival Inc reported income of $70k and spending of $75k, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $244k to $70k (-71%), an average of -46% a year. The sharpest change came in the year to December 2023, when income rose by 193%. Over the whole period it spent 94% 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 International Bluegrass Festival Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within OK. Charities of a similar size with the same main cause include American Peptide Society Inc ($70k), Hawaii Ballroom Dance Association ($70k) and Keys of Change USA ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $208k against liabilities of $0, net assets of $208k.