Olmos Ensemble

Analysis

Olmos Ensemble is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 1994, 32 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, Olmos Ensemble reported income of $97k and spending of $112k, spending 115% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $158k to $97k (-38%), an average of -38% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Olmos Ensemble sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Polish Supplementary School -Polish Falcon Nest 946 ($97k), Playmakers Inc ($97k) and Sweet Adelines International ($97k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.0% of the total. At year end it held assets of $100k against liabilities of $33k, net assets of $66k.