Ov-10 Bronco Association Inc

Analysis

Ov-10 Bronco Association Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in November 1998, 28 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, Ov-10 Bronco Association Inc reported income of $282k and spending of $333k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $282k (+80%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ov-10 Bronco Association Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Gig Harbor Film Festival ($282k), Morning Star Korean Culture Center Inc ($282k) and Philadelphia Gay Mens Chorus Incorporated ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $43k (13% of expenses). Other salaries and wages came to $57k. At year end it held assets of $1.1m against liabilities of $308k, net assets of $771k. It reported 6 employees.

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.